Hyeongji Discusses Technology Transfer for Textile Fashion Cluster in Tajikistan

Technology Transfer of Major Affiliates' Overseas Expansion Experience

Fashion Group Hyungji announced on the 16th that it discussed technical support and export-import cooperation plans to revitalize the textile fashion industry in Tajikistan.

Tajikistan is a textile powerhouse in Central Asia, with cotton and other textile crops as its main export products. It exports 90% of its annual cotton production of 100,000 tons. Tajikistan is promoting the establishment of a national textile fashion cluster that connects one-stop production from raw material exports to finished products, moving away from the current industry structure focused on raw material exports.

Vice Chairman Choi Jun-ho of Fashion Group Hyungji (third from left) and Ilhom Mahmudov, Senior Expert of the Investment Management Office at the Ministry of Finance of Tajikistan (fourth from left), along with officials from Fashion Group Hyungji and the Tajikistan government and companies, are holding a meeting and taking photos.
[Photo by Hyungji]

Vice Chairman Choi Junho held a meeting with the Tajikistan government on the 10th at the Hyungji Global Fashion Complex Center in Songdo, Incheon. To discuss practical export-import exchange cooperation measures, officials from related domestic organizations such as the Korea Export-Import Bank and representatives from Tajikistan's textile fashion and economic innovation exchange companies also attended. Last November, Vice Chairman Choi attended the 'Tajikistan 2023 Universal Exhibition Fair' held in Dushanbe, the capital of Tajikistan, upon the invitation of the Tajikistan government, opening the door to exchange and cooperation.

Hyungji plans to cooperate in building the Tajikistan textile fashion cluster by utilizing overseas factory operations, technology transfers, and product know-how of major affiliates such as Castel Bajac and Hyungji Elite.

Furthermore, the company aims to implant the successful DNA of K-fashion in the Central Asian region, which has high growth potential. A representative of Fashion Group Hyungji stated, “Through cooperation with Tajikistan, which is rich in resources and has high growth potential, we will widely promote the status of K-fashion and accelerate the realization of Global Hyungji.”

This content was produced with the assistance of AI translation services.