Azerbaijani entrepreneurs might implement mass production of consumer goods, especially textiles, in Kyrgyzstan, Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic Edil Baisalov told Report.
“In addition to energy, I strongly recommend Azerbaijani entrepreneurs to consider our country for manufacturing consumer goods, especially textiles. Kyrgyzstan has a qualified workforce, which makes this sector particularly profitable. Furthermore, we have opportunities to organize the production of high-tech products oriented toward the Eurasian Union market, of which we are a member. This opens access to large markets of member countries. Agriculture, logistics, and energy are other promising sectors for joint ventures. We are open to cooperation and ready to discuss any investment proposals,” Baisalov noted.
The deputy chairman added, “Regarding promising investment areas, I would highlight hydropower. We have many rivers, and some sites for hydroelectric power plant construction are still available. Renewable energy sources are also worth considering. For example, for solar power plants, our mountainous regions provide higher solar radiation intensity than traditional solar regions like Middle Eastern deserts. Wind power plants also have significant potential.”
Touching upon the issue of providing concessions to Azerbaijani investors, the Deputy Prime Minister highlighted: “Besides preferential regimes in free economic zones, we are ready to discuss individual tax conditions and other forms of direct financial support for each specific project.”
Read the full interview here.