The flow of Chinese investment into Uzbekistan’s textile industry has registered a rise and has exceeded $200 mn, according to the country’s Association of Textile and Clothing and Textile Industries Enterprises, or Uztekstilprom, whose top executives recently met Chinese ambassador to Uzbekistan Jiang Yan.
Uztekstilprom offered the Chinese side information on completed and running projects in which Chinese companies like Jinsheng group, Nanyang Mulanhua, Marjan Investment Group, have participated, Uzbek media outlets reported. The two sides also discussed bilateral cooperation in the textile sector, expansion of Chinese investment in Uzbekistan and increase in trade turnover between the two countries. The Chinese side invited representatives of the Uzbek textile sector to participate in the ‘Expo China 2018’ scheduled in November and the Uzbek side invited the Chinese to take part in ‘UzTextile Expo 2018’ and ‘Uzbekistan Textile Conference’ in Tashkent in September.
