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Uzbek trade body, Indonesian textile firm mull cooperation
29 Oct 20 1 min read
Representatives of the Uzbekistan Textile and Garment Industry Association recently held a videoconference with Indonesia’s PT. Pan Brothers Tbk and discussed trade and investment potential of the Uzbek textile sector and establishing cooperation between Uzbek companies and the Southeast Asian firm in trade, investment and technology transfer.
The Indonesian company was offered to organise joint production, create a textile cluster and conclude a franchise agreement with Uzbekistan manufacturers for production of goods of well-known brands with subsequent export of finished products to the countries in the region, a news agency reported.
Both sides agreed to create a working group for implementation of joint projects on trade-investment cooperation in the textile industry.
The Indonesian company was offered to organise joint production, create a textile cluster and conclude a franchise agreement with Uzbekistan manufacturers for production of goods of well-known brands with subsequent export of finished products to the countries in the region, a news agency reported.
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Both sides agreed to create a working group for implementation of joint projects on trade-investment cooperation in the textile industry.
Fibre2Fashion News Desk (DS)
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