Mongolian company TML invests in leather and footwear industry of Uzbekistan

    Investments 21 December 2023 2714

    Chairman of the Uzcharmsanoat Association Fahriddin Boboev held a meeting with representatives of TML (Mongolia). The topics of conversation were the expansion of bilateral cooperation and attracting investments from companies in the leather and shoe industry of our country.

    The management of the association informed the foreign guests about the reforms carried out in the leather and footwear industry of Uzbekistan in recent years, and the production, investment, and export indicators of the industry achieved during this time. Information was also provided on the conditions, benefits and preferences provided by the state to domestic and foreign investors.

    During the dialogue, the Mongolian side noted the favorable investment environment created today for foreign companies in Uzbekistan and the support of the government, which serve to expand the flow of foreign investment. The company is interested in implementing joint projects in the leather and shoe industry and exporting finished leather products to Mongolia.

    Issues related to the establishment of export-import relations were discussed in detail at the meeting. It was decided to organize negotiations with our local enterprises on a systematic basis.

    The TML company, founded in 2008, is engaged in the processing of plastic containers and the production of new types of products from it. To date, the company is implementing investment projects in four countries, and Uzbekistan is actively becoming the fifth. The company's representative office was opened in our country in September 2023, which gave the company the opportunity to develop in our market in various industries.