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Russia, France sign textile machinery MoU
Jun '15
The French association of textile machinery manufacturers - UCMTF – and the Russian textile association, Soyuzlegprom have signed a memorandum of understanding to strengthen the ties between the two industries on a long term basis, UCMTF said in a statement.

The two sides will also organize joint activities, particularly on the occasion of exhibitions, forum, conferences and will develop modern forms of training for their employees, according to the MoU.

The signing ceremony took place during Legpromforum 2015 in Moscow. Legpromforum is a major event grouping representatives of the government, heads of regions and public sector organizations, the scientific community and the Russian textile companies, with the objective to deliberate on the strategy for the development of the Russian light industry, particularly textiles, for the next decade.

The MoU with the French side is particularly important as Russia has decided to modernize its textile industry to cut down imports. Russia can also benefit as France is the world’s sixth largest exporter of high-tech textile machinery for both traditional and technical textiles. (SH)

Fibre2fashion News Desk – India

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