Innovative Center for Textile Technologies to be created in Tashkent

This is envisaged by a memorandum of understanding between the state joint stock company Uzbekyengilsanoat and Korea Institute for Technologies Development. The project cost is US$10 million.

Uzbekistan and South Korea signed a memorandum of understanding and cooperation in textile and light industry, and agreement on implementation of joint investment projects in textile and light industry.

Uzbekyengilsanoat and Daewoo International signed a memorandum of expanding and modernizing capacities of Daewoo Textile Fergana and Daewoo Textile Bukhara.

The sides agreed on realization of new three Uzbek-South Korean investment projects in textile and light industry for US$20 million. Uzbekyengilsanoat and Yanguan Corporation signed corresponding agreements.