Uzbekistan Signs Textile Investment Agreement with Chinese Company Yingyou Xinlichen

en.Wedoany.com Reported - On September 22, Tashkent Region of Uzbekistan signed a memorandum of cooperation with Lianyungang Yingyou Xinlichen Textile Technology Co., Ltd. (Yingyou Xinlichen Textile Technology) of China. The two sides will cooperate in the fields of textile production, technology transfer, and investment project construction.

The Tashkent regional government stated in a release that the above cooperation outcome stems from the recent visit of Tashkent Region Governor Sardorbek Ergashev to Lianyungang, China. During the visit, Governor Ergashev held a series of talks, with the core goal of bringing new investment and advanced technology to the region.

According to the Tashkent regional government, during the talks, the two sides held in-depth exchanges on Lianyungang's economic and industrial potential, advanced manufacturing experience, and application scenarios for introducing modern technology into Tashkent Region.

According to the memorandum, the two sides plan to introduce modern textile technology, build production facilities, implement investment projects, and expand the exchange of professional and technical experience.

The Tashkent regional government stated in the release: "The agreement signed with Yingyou Xinlichen Textile Technology Co., Ltd. creates an opportunity for Tashkent Region to introduce modern textile technology and develop new production facilities."

During the talks, the Uzbek side also introduced to the Chinese side the region's investment potential, existing industrial infrastructure, and various facilitation conditions created for foreign investors.

Both sides expect that the implementation of the relevant agreements will promote the construction of new production facilities, create more jobs, and enhance the application level of modern technology in Tashkent Region's textile industry.

Lianyungang Yingyou Xinlichen Textile Technology Co., Ltd. is a textile printing and dyeing enterprise under Lianyungang Yingyou Textile Machinery Group, focusing on textile production and related technology. This cooperation with Tashkent Region will promote the introduction of the company's own technology and production experience into the local area, helping to build new textile production capacity in the region.