Turkmen business proposes to start joint production of Japanese electronics

Turkmen business proposes to start joint production of Japanese electronics

Japan is one of the leading investment partners of Turkmenistan. Currently, large joint projects are carried out in the industrial sector of Turkmenistan. At the same time, there are many opportunities for expanding cooperation.

Speaking at the Turkmen-Japanese Business Forum in Tokyo, Chairman of the Union of Industrialists and Entrepreneurs of Turkmenistan Alexander Dadayev drew the Japanese business community’s attention to such promising areas of partnership as the production of electrical equipment and maintenance of Japanese cars.

One of the most popular car brands in Turkmenistan is the Japanese Toyota. The country’s bus fleet is also regularly reinforced with cars of this leading manufacturer. In view of this, there is a need for their maintenance. As Dadayev informed in this regard, one of the members of the Union, the Company Nurly Gadam, which has wealth of experience and qualified personnel in maintaining BMW cars, is ready to undertake the commitment and sign a dealership contract directly with the Toyota Motor Corporation.

The UIET head also suggested considering the establishment of joint ventures in Turkmenistan to assemble Japanese home appliances and electronics, having pointed out that these products will not only be in demand domestically, but they also have all chances to enter the region’s markets.

The Chairman of the Union of Industrialists and Entrepreneurs of Turkmenistan also spoke about the potential of an IT park, a microbiological and physico-chemical laboratory, and the Logistics Association created under the UIET auspices.

Turkmen companies are sufficiently equipped with the modern specialized machinery for the transportation of oversized and heavy cargos, i.e., they can provide services to large-scale industrial projects both in and beyond Turkmenistan. For example, at the end of last year, a Logistics Association member, the Company Beyik Yupek Yoly, successfully carried out a project to transport oversized cargo from the Turkmenbashy seaport through Turkmenistan to Navoi in Uzbekistan.

Members of the Association successfully implemented an investment project for the technical modernization of the Balkan Vessel. Now, this vessel is able to transport up to 3.700 tons of building materials, bulk and general cargoes, including containers, heavy factory and other equipment.

Along with strengthening cooperation in the transport and logistics sector, Alexander Dadayev expressed interest in developing partnership in the tourist industry.