Uzbekistan intends to open a textile and logistics center in the Ivanovo Oblast. Creation of the hub was discussed by representatives of the O'zto'qimachiliksanoat association and a delegation from the Ivanovo Oblast headed by deputy chairman of the regional government Lyudmila Dmitriyeva.
As the press service of the association stated, warehouse complex will be used for the storage and distribution of cotton yarn, cotton fabrics and rough fabric materials.
During the talks, the parties also expressed willingness to create joint ventures, develop cotton-textile clusters and expand trade. In the first half of the year, Uzbekistan exported textiles worth $86 million to the Ivanovo Oblast, the press service noted.
Earlier it was reported that in 2020, Uzbekistan may open a Trade House in the Samara Oblast. It will import ready-made garments from Uzbekistan to sell in the Russian market.
In February, the President of Uzbekistan Shavkat Mirziyoyev signed a decree according to which by 2025 the republic should increase the volume of textile exports to $7 billion by processing the entire volume of cotton yarn produced in the country.
