A Dutch firm named as Textile Cooperatief has started constructing a large textile complex in the Kashkadarya region of Uzbekistan, according to Uzbekyengilsanoat, which unites the country’s light industry enterprises.
The Dutch company, which was registered in the Netherlands by the TMF Group in June 2014, will invest at least US$55m in the textile enterprise in 2015-16 in accordance with this agreement, including US$17m of its own funds and US$38m from foreign banks.
The agreement, which envisages textile production with an annual production capacity of 20,000 tonnes of cotton fibre by producing 15,000 tonnes of cotton and blended yarn, has been approved by the government of Uzbekistan.
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