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Sber, the Association of Textile Enterprises of Uzbekistan and Strategy Partners sign a cooperation agreement

In order to develop long-term relations and increase the competitiveness of the textile industry in Russia and Uzbekistan, a trilateral cooperation agreement was signed by Sber, the Association of Textile Enterprises of Uzbekistan and Strategy Partners. 

The event was attended by Deputy Chairman of the Board of Sberbank Anatoly Popov, Chairman of the Association of Textile Enterprises of Uzbekistan “Uztekstilprom” Ilkhom Khaydarov and Managing Partner of Strategy Partners Valeria Plotnikova, as well as representatives of the Embassy of the Republic of Uzbekistan.

The parties intend to determine financing mechanisms, work out the structure of investment projects, interact in the creation of joint ventures and schemes for the supply of raw materials and finished products.

Within the framework of the agreement, priority areas of cooperation will be determined, joint investment projects will be agreed upon, and other possible mechanisms for financing the textile industry of the two countries will be formed.

Anatoly Popov, Deputy Chairman of the Board of Sberbank, said:

“I am sure that cooperation in the supply of raw materials and finished products, the integration of enterprises and the development of joint projects, the development of digital transformation, as well as the introduction of sustainable development principles will help bring the textile industry of our countries to a qualitatively new level. The promotion of digital solutions and financial instruments in production chains will give a new impetus to economic cooperation between Russian and Uzbek companies.”

Valeria Plotnikova, Managing Partner at Strategy Partners, underlined:

“Today’s agreement is an important step in establishing long-term partnerships and developing effective and mutually beneficial cooperation between Russia and Uzbekistan. We are pleased to be able to scale our successfully accumulated experience in providing consulting support in improving the competitiveness and development of companies and industries, developing strategies, developing digital transformation and implementing ESG initiatives for the textile industry in both countries.”

Ilkhom Khaydarov, Chairman of the Uztekstilprom Association, said:

“Of course, our Agreement, which involves the use of the most advanced financial instruments of PJSC Sberbank, is a significant step towards expanding cooperative ties between the textile industries of Uzbekistan and Russia. The synergy of the successful experience of Russian partners in digital transformation with the achievements of Uzbek manufacturers in the field of transparent and environmentally responsible production will dramatically increase the attractiveness of the entire range of textile and clothing and knitwear products in consumer markets.”