Today the experts from the Investment Promotion and Protection Agency of the Kyrgyz Republic visited the production plant that will produce readymade garments. The owner of the new production line is the local company Cool Bros LLC that has been in the market of readymade garments since 2007 and have existing production lines all over the country. In 2016, as a result of consulting assistance to enter foreign markets, there was a need to expand production capacity.
In 2017, a public-private partnership was established between Cool Bro's LLC and USAID to co-finance new production plant's capacity. The contribution of LLC "Cool Bro's" amounted to 620 369 US dollars which was used to finance the construction of a new premises. USAID's contribution of $ 300,070 was used to purchase 259 units of various sewing equipment. The equipment will be delivered to the factory on June 15, 2018.
The advantages of the partnership are:
Creation of additional jobs - 230 people;
The whole technological process will be built in accordance with international requirements and standards;
Immediately it will be possible to pass an audit for the international certification of a socially responsible enterprise, which is necessary for deliveries to foreign chain stores.