China to invest $5 mln in opening a jacket-making factory in Georgia
The total cost of the project is $5 million and the new factory will employ about 300 people at the first stage. Photo: Gov't of Georgia.
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A new jacket-making factory will be opened in western Georgia, in the town of Tkibuli to make top quality jackets for local as well as international markets.
The total cost of the project is $5 million and the new factory will employ about 300 people at the first stage.
As announced, the factory will produce jackets for world famous brands.
The signing ceremony of the outline agreement on the jacket factory project was held today in Shanghai, where Georgia's Partnership Fund and China's Jiangxi Huazhao Enterprise management have signed a deal.
The Prime Minister of Georgia Mamuka Bakhtadze also attended the ceremony and later he talked about Georgia’s attractive investment environment and highlighted the importance of the free trade agreements signed between Georgia and China.
More than 53 Georgian companies are showcased at the China International Import Expo, a large import fair that began in Shanghai today and aims to send the message that China wants to buy more goods from abroad.
Prime Minister of Georgia Mamuka Bakhtadze has attended a welcome banquet held by Chinese President Xi Jinping for leaders attending the China International Import Expo (CIIE).
A large Chinese clothing manufacturer is gearing up to open a jacket-making factory in Georgia to make top quality jackets for world famous brands.
Made in Georgia will soon be printed on labels on the inside of jackets that are sold in France. A new clothing factory opened yesterday in Georgia where 100 percent of its products will be exported.
The agreement allows Georgian producers to become part of the exhibition halls as well as use the logistics, warehouse and marketing services offered by the centre.
A Georgian delegation has participated in a forum of trade-economic relations in China, held to boost cooperation between the southeast Chinese province of Jiangxi and Georgia.
Georgia is increasing its role as an important trade partner for China, adding new products to its export list.