The symbolic foundation stone was laid for a new hosiery manufacturing unit of the Russian brand Nashe in Namangan. The First Deputy PM Ochilboy Ramatov, the Governor of Namangan province Khairullo Bazarov, Deputy Foreign Minister Alisher Abdualiev and representatives of the Russian firm were present in the ceremony.
"The volume of direct investments for the new factory will amount to more than US$ 1.6 millio, with 300 new jobs to be created," the Foreign Ministry said in a statement.
The statement added that following the ceremony, the parties discussed the project phases and joint measures to speed the commissioning of the facility.
Manufacturing at Smolensk Hosiery Cotton Knitting Factory started in 1953 with the production of women’s stockings with heels from “kapron” fibre, and relief designed men’s socks with elastic threads, knitted inside, which replaced suspenders.
In 2017 the factory got a new name – “Nashe”.