India, Kyrgyzstan ink MoU for cooperation on textile, clothing
India and Kyrgyzstan on 17 March 2015 signed MoU to strengthen bilateral cooperation on textile and clothing.
The MoU was signed by Minister of State (MoS) for Textiles Santosh Kumar Gangwar and his counterpart Minister of Energy and Industry of Kyrgyzstan Kubanychbek Turdubaev in New Delhi.
The MoU seeks to strengthen bilateral cooperation between both nations in the three fields including Textiles and Clothing, Silk and Sericulture and Fashion.
The MoU also aims to achieve enhance cooperation between both nations in
- Development of trade and economic & investment relations.
- Collaboration in techno-commercial and joint trade missions.
- Investment cooperation.
- Mutual assistance in R&D.
- Technical collaboration in the field of product development and manufacturing, testing and certification.
Apart from signing MoU, both nations also agreed to set up a joint working group (JWG) in order to explore areas of cooperation within the scope of the MoU and the steps required to facilitate bilateral trade and investment.