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Ukrainian technical textiles planning to go big

Related Keywords: clothes, Donbass, fabrics, non woven, production, Textile, Ukraine

Ukraine plans to attract up to US$ 300 million of investments in the development of the domestic technical textiles and nonwovens industry in the next several years, according to the Ukrainian Cabinet of Ministers.

This is seen as a response to the recent plans of the Russian government to make heavy investments in the development of technical textiles, mainly to be supplied for the ever-growing needs of the Russian defence sector.

Pak, Ukraine to boost trade volume by exploring non-traditional avenues

Related Keywords: boost trade volume, enhance bilateral cooperation, explore non tradition avenues, opportunity to explore Ukrainian market, Pakistan, Pakistani businessmen, process of signing agreements, provide level playing field to investors, textile and handicrafts, Ukraine

Ukrainian Ambassador to Pakistan Volodymyr Lakomov on Sunday said that Ukraine was in the process of signing about a dozen agreements with Pakistan thereby providing a level playing field to the investors from both the sides, besides enhancing science and technologies, education, cultural and trade relations.

The current trade volume between the two countries was $500 million and steps were in hand to enhance the same. Pakistan and Ukraine can easily boost their existing trade volume to new heights by exploring non-traditional avenues.

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