Russia » Economics
Author`s name Michael Simpson

Will Green Islamic Flag Flutter Over Ivanovo Economy?

Pakistani companies eager to establish complex cooperation with Russian regions
Businessmen from a large Pakistani company visited the Russian city of Ivanovo, the center of Russia's textile industry, today. The guests discussed establishment of cooperation with Ivanovo enterprises with a view to supply millions of cotton shirts produced there to the American market. The Mercury company supplied these clothes to the Soviet Union. The Mercury president met with Ivanovo Governor Vladimir Tikhonov and said that his plan was to export 100 millions of shirts per year to the USA, 10-20 millions of shirts to Great Britain and Germany, 5 millions - to Japan. The Pakistani company also hopes to do business with textile produced in Ivanovo, even including narrow and defective fabric.

The Pakistani company may offer a know-how that will remedy defects of fabric produced in Ivanovo. The company chose textile produced in Ivanovo for testing the know-how; application of the innovation will attract foreign investment in the future. This time the Pakistani guests dedicated the visit to examination of Ivanovo enterprises. In addition to the Ivanovo textile enterprises, the Pakistani guests also evinced great interest in excavators and machines that are widely used at Russian defense establishments; the guests think the machines may be useful for Pakistani enterprises as well.

The Mercury company already bought machines produced by Russian engineering industry some time ago. This time the company wants to establish complex cooperation with Russian regions. It is planned that a Russian delegation will also visit Pakistan soon; both sides must develop packet suggestions by the moment of the visit. The Pakistani guests visited workshops of Ivanovo enterprises to that they could have an idea of the production cycle.

In the framework of the visit, the Pakistani delegation promised to established large-scale cooperation with Ivanovo. Prospects of this visit are not clear yet. The guests explained that it was a preliminary visit that is why they refused to take to journalists.

Vasily Kogalovsky
IvanovoNews

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