Business description General Description of Business Light industry plays a significant role in the countries overall economy; it is one

of the most rapidly growing and developing sectors of manufactory. And one of the types of light industry is textile industry. Production and developing of textiles is primarily concerned with manufacture of yarn and subsequent design and distribution of clothes. Several types of row materials which can be used in textile manufacturing are natural cotton, silk and synthetic fiber which is made by using chemical industry wastes. One of the most valuable and expensive row materials in the textile industry is natural cotton, the leader among the cotton producers is India, and Uzbekistan is on the fifth place. During the past till nowadays apparel manufacturing stays one of the most in demand businesses. Nowadays there are growing numbers of entrepreneurs who are willing to invest in apparel manufacturing and open their own clothing business. Industry background and operations: Singapore Within several years textile industry of Singapore is rapidly growing and developing, more and more, foreign players are willing to invest and enter the market. According to the research that I did Singaporean textile industry raised around 15 to 25 percent during the past six years. A pick of growth was in 2010 despite of overall global slowdown in the industry. The government of Singapore believes that local producers will benefit a lot if foreign players will enter to the market. International players will bring new technologies; introduce new techniques and industry trends. There are also some Singapore factories which are located overseas. Nowadays the textile industry of Singapore is entirely large with a total receipts from operating activities about $7.5 billion, and total revenue is about $3.4billion. According to my research there are about 5,000 textile enterprises in Singapore, and about 500 apparel manufactures. Also there are counted about 4,500 retailers and wholesalers in Singapore. All these establishments provide work places for more than 31,000 workers.

The republic of Uzbekistan The Republic of Uzbekistan is one of the developing countries in the central Asia, with a population of 29, 5 million people and has an area of 447, 5 square kilometers. Both heavy and light industries are highly developed in the republic. Agriculture of Uzbekistan is always at the center of attention of the government, as was already mentioned above Uzbekistan is one of the leaders among the cotton producers and it is the second largest exporter of cotton in the world market. Textile industry in the republic has almost 20% shares in total industrial sector. There are 8 large textile manufacturers in the Uzbekistan, and some small businesses which partly involved into production of textile. Uzbekistan is always opened for the foreign investors, because the republic quite depends from the continual inflow of foreign investments. Uzbekistan is more attractive for the foreign players, with its comparably law income taxes, relatively qualified and inexpensive labor resources and availability of raw materials. Uzbekistan is highly cooperate and work together with many European partners as well as Asian manufacturers; such as Japan, South Korea, China, India, Switzerland, Germany, Turkey, and Austria. Nowadays there are about 35 joint ventures were established in Uzbekistan which shows that Uzbekistan is attractive for foreign players in the world textile industry. Goals and potential of the business The main area of the company`s activity is clothing manufacture, designing and distribution of finished goods. It is going to be the first joint venture enterprise between Singapore and Uzbekistan in this area. Singapore has proven successes in the European markets, it has already established clientele bases overseas. The joint venture between Singapore and Uzbekistan will focus primarily on to European markets, and will operate under the brand Uz-Asia Garment Manufacturer Pte. Ltd. Asia Garment is operating in apparel business since 1979, it has already established strong brand name which is recognized over the world. Asia Garment is makes up a strong competition in the production of casual apparels to the most European labels and clothing brands. Establishment of a new fabric in territory of Uzbekistan will open a new opportunities for the company to enhance production and discover new markets. Uzbekistan can provide relative cheap, highly qualified and experienced work force. Uzbekistan can also supply reliable and price-competitive raw materials. Asia Garment is well known for its high service standards and strong willing of making innovations and develops new trends in fashion industry. The main

goal of the Asia Garment is customer satisfaction, to make up clothes that will be highly demanded and will make its owners happier. Asia Garment will have more potential to achieve its goals in cooperation with Uzbekistan textile industry. Asia Garment will be able to produce high quality and modern products, which will be available to more customers. The new company is going to be established in the capital of Uzbekistan, Tashkent. Tashkent is a big business center in central Asia. A new enterprise can be established in relatively short period of time with minimum expenses. Uniqueness of product This is going to be the first joint venture in apparel industry between Singapore and Uzbekistan. The firm will produce high quality products which will meet the entire requirements of modern fashion industry. This joint venture that in the future is going to be named as Uz-Asia Garment JV., is going to provide a highly integrated supply chain, uncompromised quality products, and assure product integrity from the designing to manufacturing.