30/March/2021   Economic Diplomacy

Uzbekistan, Malaysia enhance investment cooperation

KUALA LUMPUR, March 30. /“Dunyo” IA/. Yesterday, Uzbekistan diplomats visited the production facilities of Malaysia’s Apollo Rubber, reports “Dunyo” IA correspondent.

A meeting was held with the company’s Director Mr. V. Lakshmanan. The parties discussed prospects for further development of mutually beneficial investment cooperation.

The Malaysian side expressed interest in considering the possibility of implementing an investment project for the production of latex and nitrile gloves together with potential Uzbekistan enterprises, including through the transfer of appropriate industrial technology in the form of investments by Apollo Rubber.

Mr. V. Lakshmanan emphasized that the growing global demand for the above products due to the coronavirus pandemic will contribute to the creation of export-oriented products in Uzbekistan, which will undoubtedly open up new opportunities for the Malaysian side to enter the Central Asian countries’ markets.

Following the talks, an agreement was reached on establishing a partnership between Apollo Rubber and appropriate Uzbekistan enterprises to study and discuss in detail the implementation of this investment project.