Uzbekistan plans to start cultivation, processing of kenaf
BAKU, Azerbaijan, Aug. 7
By Ilkin Seyfaddini - Trend:
Representatives of Uzbek Savdogarbank and the Embassy of Uzbekistan in Malaysia conducted online negotiations with the management of the National Kenaf and Tobacco Board of Malaysia (LKTN), Trend reports citing the Dunyo News Agency.
The sides discussed possible implementation of joint pilot investment project on cultivation and processing of kenaf in Uzbekistan's Kashkadarya region.
The Malaysian side was provided with detailed information on the economic and resource potential of Uzbekistan, the ongoing reforms aimed at further recovery of the business climate, as well as the conditions for joint implementation of the above-mentioned project.
Following the talks, the sides reached an agreement to continue negotiations on prospects of joint implementation of the aforementioned investment project.
The LKTN is the only state body in Malaysia whose main functions and powers include the development of industry in growing and processing kenaf for the production of yarn, fabric, cellulose, non-woven material, pharmaceutical products and development of programs of further development of this sector.
Kenaf is a fiber plant native to east-central Africa. It has been a source of textile fiber for such products as rope, twine, bagging, rugs etc.
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