Development Prospects of the Textile Industry Discussed at the Ministry of Economy

Kazim Huseynaliyev, Minister of Economy of the Nakhchivan Autonomous Republic, held a meeting with representatives of the textile industry and investors.

The meeting was attended by Farida Akhundova, Executive Director of the Azerbaijan Textile Association; Mustafa Denizer, Vice President of the International Textile Manufacturers Federation and Head of DIKTAS; Anar Dadashov, Chairman of the Management Board of Azeripek OJSC; Hashim Aliyev, Deputy Chief Executive Officer of Prime Cotton LLC; and Ali Hikmet Karaoglu, Chief Operating Officer of GILTEKS LLC.

During the meeting, the participants were informed about the economic development prospects of the Nakhchivan Autonomous Republic. It was emphasized that the region's favorable geographical location, production capabilities, and government incentives and support mechanisms for entrepreneurship create favorable conditions for the expansion of the textile industry. Minister Kazim Huseynaliyev invited investors to take advantage of these opportunities and invest in the autonomous republic.

The guests expressed their intention to contribute to the development of the textile industry in the autonomous republic and stated that they were considering potential investment opportunities in this regard. It was also noted that products manufactured in the Nakhchivan Autonomous Republic have the potential to be supplied not only to the domestic market but also exported to foreign countries.

During the meeting, the parties exchanged views on possible steps towards establishing cooperation in the textile sector and agreed to maintain further contacts.