BAKU, Azerbaijan, October 5
By Jeila Aliyeva - Trend:
Italian Cormatex Srl company will equip Turkmenistan’s Bayramali Textile Complex and the Dashoguz Cotton Spinning Factory with equipment of its own making, Trend reports with reference to Business Turkmenistan information portal.
Thus, the equipment will be made in accordance with the memorandum of cooperation, signed between Ministry of Textile Industry of Turkmenistan and Italian Cormatex Srl company.
Thanks to the use of advanced technologies, the Turkmen textile industry increases its competitiveness not only domestically, but also on foreign markets.
As reported, more than 55 percent of textiles in the country are currently produced for export.
Turkmenistan's textile products are exported to more than 30 countries, including the US, the UK, France, Germany and Switzerland.
The two countries effectively interact in many economic spheres. Italian companies such multifaceted assistance as ENI, Valvitalia, Pietro Fiorentini S.p.a., ProBusiness S.r.l, ETD European Technology Development S.r.l, Geieeurasiamed, Comair S.p.A., Chimec S.p.A., Maschio Gaspardo, Marzoli, Helicopters Italia Srl Unipersonale currently operate in Turkmenistan.
Sixteen enterprises with Italian capital and 22 projects worth about $13 million of investments from Italy have been registered in Turkmenistan.
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