Construction of textile factory in Azerbaijan being discussed

Construction of textile factory in Azerbaijan being discussed
# 21 January 2021 11:45 (UTC +04:00)

Initial discussions with Azerbaijan Entrepreneurs Confederation on construction of a textile factory in Azerbaijan have been started, said Chairman of Turkish Company on Full Development of Businessmen and Entrepreneurs Ilham Ozturk, APA-Economics reports.

According to him, details on the execution of the project will be known from the result of the meetings: “Investment of USD 50 mln. is considered for construction of the textile factory in the first stage. We also intend on sharing our experience with local businessmen. Construction of a textile factory in Azerbaijan will also contribute to export. Thus, the product, which will be produced, can be exported to Russia, Ukraine, and other countries. As a result of the meetings, a decision on construction location of the factory will be adopted.”

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THE OPERATION IS BEING PERFORMED