India and Kyrgyzstan sign a pact on textile sector cooperation

The Union Government of India and the Central Asian Republic of Kyrgyzstan have signed a pact on cooperation in the textiles sector to strengthen bilateral cooperation in three fields:

• Textiles and clothing
• Silk and Sericulture
• Fashion

The MoU was witnessed by India’s Textiles Minister Santosh Kumar Gangwar and the visiting Kyrgyzstan’s Minister of Energy and Industry Kubanychbek Turdubaev in New Delhi.

Objectives of the Pact

• To increase the cooperation in development of trade, economic and investment relations Technical and commercial collaboration and joint trade missions
• Encouragement of investments
• Mutual assistance in R&D
• Technical collaboration in product development and manufacturing, testing and certification Mutual assistance in skill development, training and retraining of personnel
• Joint scientific, industrial and other meetings and exchanges.
• Cooperation in export promotion
• Facilitating of participation of business delegations
• Mutual assistance in organizing visits of technical experts, specialists and scientists.

Textiles currently account for 50% of India’s total exports to Kyrgyzstan. Minister Turdubaev expressed a hope that the trade between trade between the two countries will be increased to US $2.5 billion.

Knowledge is Wealth

• Kyrgyzstan is a central Asian Country, which is landlocked by some “Tan” countries and China. 
• The Capital of Kyrgyzstan is Bishkek and it’s currency is Som. 
• Islam is the dominant religion of this country. 
• The most famous tourist destination points in Kyrgyzstan is Issyk Kul Lake. 
• Issyk Kul Lake is the tenth largest lake in the world by volume and the second largest saline lake after the Caspian Sea. 
• Issyk Kul Lake is second largest mountain lake in the world after the Lake Titicaca in South America.