Chinese Jacket Factory to Open in Georgia

TBILISI – Chinese manufacturers will open a jacket factory in Georgia to produce products for leading global brands, according to Georgia’s State Partnership Fund and the production factory based in China’s Jiangxi Province.

“This will be a branch of the jacket manufacturing factory in Jiangxi. Opening a Georgian facility will increase the country’s export potential,” said David Saganelidze, the Director of Partnership Fund.

Saganelidze expressed hope that Georgia will actively cooperate with more Chinese manufacturing companies in the future.

After the agreement had been signed, a representative from the Silk Road Investment Group announced that it would begin a feasibility study and release more details of the finding in the coming weeks and months.

China is one Georgia’s four major trading partners. The turnover for the first half of 2016 amounted to about USD 348.5 million, which is 6.1 per cent of the total foreign trade turnover for the small South Caucasus country.

By Eka Karsaulidze