Economy

Uztextileprom Discusses New Projects with Yifa Group

Uztextileprom Discusses New Projects with Yifa Group
Uztextileprom Discusses New Projects with Yifa Group / Photo: Uztextileprom.

Tashkent, Uzbekistan (UzDaily.uz) — Uztextileprom held talks with a delegation from Yifa Commercial Group and the Association for the Development of Enterprises under the Belt and Road Initiative in Wenzhou, with discussions focused on expanding investment cooperation, implementing joint projects and developing trade in finished textile products. The Uztextileprom Association reported the talks.

The Chinese partners expressed interest in implementing investment projects in Uzbekistan, establishing a trade and distribution centre and supplying finished textile products to the Uzbek market.

The Uzbek side proposed considering joint projects to produce artificial and synthetic fibres. The delegations also exchanged information on investment conditions in Uzbekistan and opportunities to export products to markets in the European Union, the United Kingdom and the Commonwealth of Independent States.

The association said Yifa Commercial Group brings together around 7,000–8,000 companies and brands and operates nine trade and production complexes with a combined area of about 700,000 square metres in Hangzhou.

Following the meeting, Uzbek textile companies were invited to participate in the 16th Yifa World Conference on the exchange of experience in the garment industry, which will be held in Hangzhou on 28–29 August 2026.

B2B talks between Uzbek and Chinese companies are planned as part of the event.

Askar Yakubov
Askar Yakubov

Askar Yakubov is a professional photojournalist with extensive experience in news and reportage photography. He specializes in fast-paced coverage of social, political, cultural, international, business, and community events, with a sharp eye for capturing expressive shots and conveying the atmosphere of an event under tight time constraints. His skill set spans reportage, portrait, and documentary photography, along with image editing and color correction, and preparing photo materials for media and digital platforms. He is known for his professionalism, adherence to editorial standards, and ability to work both independently and as part of a shooting team.