12:43 - 21.01.2021

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January 21, Fineko/abc.az. Discussions have begun with the Confederation of Entrepreneurs of Azerbaijan in connection with the opening of a textile factory in the country.

ABC.AZ reports that this was stated by Ilham Ozturk, the chairman of the Organization of Businessmen & Entrepreneurs of Turkey (TÜMKIAD).

According to Ozturk, the details of the implementation of this project will be known after the meetings: "In connection with the construction of a textile factory, an investment of $50 million is envisaged at the first stage. We also intend to share our experience with local entrepreneurs. The construction of a textile factory in Azerbaijan will also have positive impact on exports.

The output to be produced can be exported to Russia, Ukraine and other countries. As a result of the meetings, a decision will be taken on the choice of a district in which the factory will be built."