Tashkent, Uzbekistan (UzDaily.com) - During the visit of the working group of the Republic of Uzbekistan to South Korea, the chairman of the Uzcharmsanoat association, Fakhriddin Boboev, held negotiations with the management of one of the largest companies in this country - TG Holding.

This company is known for its promising investment projects in more than 50 countries. TG Holding has launched many projects in industries such as renewable energy, automotive, housing and road construction, pharmaceuticals and cosmetology. During the conversation, the issue of implementing new investment projects in the leather and footwear industry was discussed.

At the beginning of the meeting, the company’s management was presented with information about the production, investment and export potential of the leather and footwear industry of our country, and a presentation was made on the business environment created in the country, benefits and preferences provided by the state for foreign investors.

In turn, the management of the Korean holding company said that over the past five years they have been monitoring the dynamics of growth of the economy and industry of Uzbekistan, in particular, reforms in the leather and footwear industry, which is experiencing a new stage of development. To this end, TG Holding put forward the initiative to open a new enterprise by attracting South Korean brands to Uzbekistan. It was announced that the products produced here will be sent not only to the countries of the Asian continent, but also to Europe. Proposals for the export of finished footwear produced by Uzbek enterprises to the Korean market were also discussed.

TG Holding aims to invest in several sectors of Uzbekistan at once. The total volume of injections will be $150 million, 35 million of which will be allocated in the near future for the first projects. At the same time, analytical work is being carried out on which industries the company will invest its capital in.

In the list of projects planned for implementation on the basis of South Korean capital, as the partners noted, those related to the leather and footwear industry will take a strong place. Its essence is to launch the production of Korean shoe brands in Uzbekistan.

To this end, the TG Holding working group will visit Uzbekistan to get acquainted with the production potential, market indicators and infrastructure of the leather and footwear industry.