A businessman named *** ***, who applied to our office, informed us that he was looking for cooperation with Turkish companies in the textile field. The investment he wants to make is an integrated factory for denim production, embroidery, screen printing and washing activities. Production will be 100% export-oriented. The total cost of the investment is estimated at 70 to 80 million dirhams (7 to 8 million euros). This amount covers buildings, equipment and working capital. He reported that there is a lot of equipment left over from the old business that was closed during the pandemic period. *** *** reported that he is a professional in this field and has a wide customer portfolio in exports. As he proposes, the project can be carried out in two ways:-1) Installation of a new factory: Purchase of buildings, machinery, etc.-2) Purchase of an existing factory: Sale of an integrated factory (buildings, equipment and reputation), whose owner has reached retirement age and is ready for sale. The purchase cost of this factory is determined as 6 million euros.

Morocco

5 credits

1 month ago

As it is known, textile and ready-made clothing products are among the important sectors with export potential in the Kyrgyz market. It is observed that the sectors in question have shown significant development in terms of both production and trade, especially in the recent period. According to the International Trade Center Trademap 2022 statistics, "knitted or crochet fabrics" in customs tariff position (GTP) 6004 ranks 2nd among the product groups most imported by the country; Under 5407 GTP, "woven fabrics made of synthetic filament" ranks 7th. Similarly, in the first 6 months of 2023, textile and ready-made clothing products under 6109.10, 6006.22, 6210.50, 6004.10 and 6204.42 GTPs were among the top products in our country's exports to Kyrgyzstan. Kyrgyzstan Markets, Commercial Enterprises and Service Sectors Association and *** Global *** Ltd. Ltd. In the letter received from the company dated 24/8/2023; Stating that the "Live products showroom" project, which envisages the wholesale sale of textile and ready-made clothing products in the Kyrgyzstan, Kazakhstan and Russian markets, is being carried out by the Association, which is stated to be among the 5 largest associations in the country, support is requested from our Office in submitting the project to the evaluation of business associations and companies in the relevant sectors of Turkey in order to ensure that Turkish products are also included in the project. Within the scope of the project in question; Opportunity for buyers to examine product samples in physical showrooms to be established in various regions of Kyrgyzstan, Kazakhstan and Russia; For supplier companies, the opportunity to permanently display their products will be provided; Large volume wholesale orders can be placed without going to supplier countries such as Kyrgyzstan or Türkiye to purchase products, thus providing cost and time advantages; Turkish companies will also be able to exhibit their product samples in the mentioned showrooms; The orders to be placed can be shipped directly from Turkey to buyers in the relevant countries through the contracted Milan company within the scope of the project or through other preferred logistics companies; financial payments can also be made through the Milan company; Within the scope of the project, it is planned to carry out B2B sales through the "*** Global ***" company in the Apofiz electronic marketplace (https://***.com/home/posts); Cooperation was made with organizations such as Kyrgyzstan Light Industry Enterprises Association - *** and Kazakhstan Commercial Enterprises Association for the effective execution of the project, Matters such as these are reported. According to the information received from the Kyrgyzstan Association of Markets, Commercial Enterprises and Service Sectors, the Association is responsible for the country's leading marketplaces such as ***, ***, ***, ***, ***, *** and *** region markets; large chain supermarkets; It brings together important market actors such as the Kyrgyzstan Customs Brokers Association. It is also stated that the Association represents more than 100 companies and approximately 25,000 businessmen in total. The introduction file containing detailed information about the project received from the company/association in question is attached.

Kyrgyzstan

5 credits

1 month ago