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
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.