Advertise Here [468 W x 60 H pixels]
Web Exclusive | May 2018

Uzbek seeks tie-up with Indian textile industry

One of the world's largest cotton exporters, Uzbekistan is looking at Indian textiles companies for a possible collaboration. The former Soviet republic is likely to ink an agreement with the Union Textiles Ministry in this regard.

According to sources, a formal agreement on collaboration in the area of cotton and textiles sector may be inked between the two countries by next week. The country grows long-staple quality of cotton - equivalent to Egyptian cotton that matches the requirements of luxury garment brands.

On his two-day visit to Gujarat on May 14-15, Farhod Arziev, Ambassador of Uzbekistan to India, met State government and industry leaders from a variety of sectors, including textiles, information technology, hospitals, pharmaceuticals and tourism.

During his interaction with industry leaders at a meeting organised by FICCI on Tuesday, Arziev showcased the investment opportunities in this Central Asian country. He underlined the incentives being offered to the industry in the form of tax holidays, free land to joint ventures with Uzbek counterparts and cheap skilled workforce.

"Uzbekistan is a changed country now. They have 100 per cent convertible local currency, besides that, banks are supportive and quick to respond to the needs of trade and industry. The biggest advantage is the access to a huge market of former USSR or the CIS countries as there is a duty-free trade agreement with them," said Rajiv Vastupal, Chairman of FICCI-Gujarat State Council.

Vastupal further added that top business houses, including Zydus hospitals, and Shalby hospitals, besides representatives from industries such as IT, tourism and pharmaceuticals sector attended the meeting with the Ambassador on Tuesday.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
A.T.E Enterprises Pvt Ltd (Processing ETP)      ACIMIT- ITALY      Arun Textile Engineers Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      ATE Enterprises Pvt Ltd (Fong)      B & R Industrial Automation Pvt Ltd      Bharat Beams Pvt Ltd      Biancalani Srl      Bracker AG (Rieter)      Brugarolas India Pvt Ltd      Condair      Delair India Pvt Ltd      Elgi Electric and Industries Ltd      Elgi Equipments Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fourwents Engineering Co.      Grasim Industries Ltd (Liva)      Groz-Beckert Asia Pvt Ltd      Henna Tex      ITEMA WEAVING (INDIA) PVT LTD      K.U. Sodalamuthu and Co. Pvt Ltd      Kusters Calico Machinery Pvt Ltd      Lakshmi Machine Works Ltd      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Mangal Singh Brothers Pvt Ltd      Meera Industries Ltd      MESDAN India Pvt Ltd      Picanol N V      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Redington (India) Ltd      Rieter India Pvt. Ltd (Comber)      Savio India Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      SRE Corporation      Sri Lakshmi Fire Controls      Stovec Industries Ltd      Texfab Engineers (India) Pvt Ltd      Thymas Electronics Pvt Ltd      Uniline Energy Systems Pvt Ltd      Vetal Hitech Machines Pvt. Ltd      VXL Systems      A.T.E Enterprises Pvt Ltd (Processing ETP)      ACIMIT- ITALY      Arun Textile Engineers Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      ATE Enterprises Pvt Ltd (Fong)      B & R Industrial Automation Pvt Ltd      Bharat Beams Pvt Ltd      Biancalani Srl      Bracker AG (Rieter)      Brugarolas India Pvt Ltd      Condair      Delair India Pvt Ltd      Elgi Electric and Industries Ltd      Elgi Equipments Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fourwents Engineering Co.      Grasim Industries Ltd (Liva)      Groz-Beckert Asia Pvt Ltd      Henna Tex      ITEMA WEAVING (INDIA) PVT LTD      K.U. Sodalamuthu and Co. Pvt Ltd      Kusters Calico Machinery Pvt Ltd      Lakshmi Machine Works Ltd      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Mangal Singh Brothers Pvt Ltd      Meera Industries Ltd      MESDAN India Pvt Ltd      Picanol N V      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Redington (India) Ltd      Rieter India Pvt. Ltd (Comber)      Savio India Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      SRE Corporation      Sri Lakshmi Fire Controls      Stovec Industries Ltd      Texfab Engineers (India) Pvt Ltd      Thymas Electronics Pvt Ltd      Uniline Energy Systems Pvt Ltd      Vetal Hitech Machines Pvt. Ltd      VXL Systems