[widget id="qtranslate-2"]
21 December 2023

Mongolian company TML plans to invest in the leather industry of Uzbekistan

The chairman of the Uzcharmsanoat association Fakhriddin Boboev held a meeting with representatives of the TML company of the Republic of Mongolia, the press service of the association reports. The topic of the negotiations was the expansion of bilateral cooperation, attracting investment from companies in the leather industry of our country.

The Association held a presentation to foreign partners about the reforms, production, investment, and export indicators carried out in the leather industry of our country in recent years. Information was also provided about the conditions and opportunities, preferences provided by the state to local and foreign investors.

For reference: The TML company, founded in 2008, is engaged in the processing of plastic containers and the production of new types of products. A representative office of the company was opened in Uzbekistan in September 2023. The company is developing relations with our country in various fields. Until today, the company has implemented investment projects in four countries. Uzbekistan is the fifth country on this list.

In a conversation with the Mongolian company, they noted that the conditions created today for foreign companies in Uzbekistan and the support of the government serve to expand the flow of foreign investment. To this end, the company is interested in implementing joint projects in the leather industry network of our republic and exporting finished leather products to Mongolia.

At the meeting, issues related to the establishment of export-import relations were discussed in detail. It was decided to establish mutual business dialogue and negotiate with our local enterprises.