In order to develop long-term relationships and increasing the competitiveness of textile industries of Russia and Uzbekistan, a tripartite cooperation agreement was signed between Sberbank, Association “Uztextilprom” and Strategy Partners.
In the signing ceremony, Deputy Chairman of the Board of Sberbank Anatoly Popov, Chairman of the Association of Textile Enterprises of Uzbekistan “Ultrasteilprom” Ilh Hydarov and Managing Partner Strategy Partners Valery Plotnova, as well as representatives of the Embassy of the Republic of Uzbekistan.
Parties intend to determine the mechanisms of financing, work out the structure of investment projects, interact when creating joint industries and raw materials and finished products. As part of the agreement, priority areas of cooperation will be determined, joint investment projects agreed and other possible mechanisms for financing the textile industry of the two countries have been formed.
“I am confident that cooperation in the supply of raw materials and finished products, the integration of enterprises and the development of joint projects, the development of digital transformation, as well as the introduction of sustainable development principles will help bring the textile industry of our countries to a qualitatively new level. Promotion of digital solutions and financial The tools in the chain of production will give a new impetus to economic cooperation between Russian and Uzbek companies, “said Anatoly Popov.
According to Ilhoma Hydarova, an agreement involving the use of the most advanced financial instruments of the Sberbank is a significant step to expand cooperation links between the textile sectors of Uzbekistan and Russia. “Synergy of successful experience in Russian partners in digital transformation with the achievements of Uzbek producers in the field of transparent and environmentally responsible production will make it possible to dramatically increase the attractiveness of the entire range of textile and sewing and knitting products in consumer markets,” he added.
In turn, Valery Plotnikova signed announcement called “an important step in establishing long-term partnerships and the development of effective and mutually beneficial cooperation between Russia and Uzbekistan”. “We are pleased to scale successfully accumulated experience in providing advice to support the competitiveness and development of companies and industries, developing strategies, the development of digital transformation and the implementation of ESG initiatives on the enterprises of the textile industry of both countries,” it emphasized.