News

Uzbekistan and Afghanistan will create a joint venture for the production of cotton yarn

Uzbekistan and Afghanistan plan to develop cooperation in the textile industry, the Chamber of Commerce and Industry reported.

The head of the organization Davron Vakhabov visited Kabul and Kandahar with a working visit, where he held a number of meetings with representatives of the Provisional Government and local companies. One of the main topics for negotiations was “promising projects” in the areas of textiles and fiber processing.

A memorandum of partnership with the head of the State Textile Corporation of Afghanistan Abdul Hamid Ahundzad was signed. The ceremony was attended by the head of the Prime Minister Anvar Ul-hack, ministers of finance, economics, mining and oil.

Vahabov also visited the industrial zone in Kandahar. He discussed the possibilities of creating joint ventures on the basis of local capacities, restoration and restoration of equipment produced in Uzbekistan.

The parties agreed on the implementation of projects for the processing of at least 50 thousand tons of cotton. Afghanistan will export cotton yarn to Uzbekistan, and in the opposite direction it is planned to supply painted fabrics for sewing clothes.

In March of this year, Vahabov visited the NASAJI Textile Factory factory in Mazari Sharif. The parties agreed on the supply of cotton fiber and yarn to Uzbekistan, as well as on the purchase of textiles and semi -finished products for sewing clothes.

Earlier, Spot wrote that Kazakhstan companies are interested in Afghan minerals.