The government of Kyrgyzstan has signed a memorandum of understanding (MoU) to develop cooperation in the textile sector with India. The MoU was signed by India’s Textiles Minister Santosh Kumar Gangwar and the visiting Kyrgyzstan’s Minister of Energy and Industry Kubanychbek Turdubaev in New Delhi.
The two countries have also agreed to set up a Joint Working Group to explore details of cooperation within the scope of the MoU and the steps required to facilitate bilateral trade and investment.
The MoU targets at strengthening bilateral cooperation in three directions: textiles and clothing, silk and sericulture, and fashion.
It aims at increasing cooperation in development of trade, economic and investment relations; technical and commercial collaboration and joint trade missions; encouragement of investments (such as joint ventures, industrial cooperation, marketing, leasing and management); mutual assistance in R&D, technical collaboration in product development and manufacturing, testing and certification; and mutual assistance in skill development, training and retraining of personnel, joint scientific, industrial and other meetings and exchanges.
It also provides for cooperation in export promotion; facilitation of participation of business delegations, exhibitors and buyers of both countries in trade exhibitions and business forums; and mutual assistance in organization of visits of technical experts, specialists, and scientists.
Minister Turdubaev expressed a hope that the share of textiles in India’s exports will increase and the trade between Kyrgyzstan and India will be increased to US $2.5 billion. Presently, textiles account for 50 percent of India’s total exports to Kyrgyzstan.
HeiQ has partnered with Culp to apply HeiQ Allergen Tech, a 100% biobased solution that reduces allergens on textiles, to…
Sonovia, Pure Denim have collaborated and are set to unveil their inaugural jeans collection featuring Sonovia's eco-friendly denim dyeing technology…
AmorSui has introduced a new range of eco-friendly lab coats for both men and women including a pioneering fire-resistant hijab,…
Belgian textile recycling company Resortecs and French sporting goods retailer Decathlon have teamed up to develop an innovative line of…
Global Standard has launched a groundbreaking initiative to showcase the potential of remote satellite monitoring in organic cotton farming systems…
KARL MAYER launches Energy Efficiency Solution, a cloud-based platform integrating sensor technology and custom analysis software to monitor energy consumption.