"Chingis Khaan" bonds funded textile factory to compete with global brands

Ulaanbaatar /MONTSAME/ New garments made in "Exclusive", a newly established textile factory are now on sale. The textile factory, one of reconstruction projects financed by the Government, now gives its fruits in a few months’ time since receiving the support. Last spring, at the meeting aimed to explore chances to create a world-known Mongolian brand, a director G.Maitsetseg promised to create a domestic brand competitive at the global market. Visiting the factory’s shop on Sunday, the Premier N.Altanhuyag saw its first products made since receiving a financing of 700 million togrog from the government bonds capital. Citing that textile industry demands less investment than others, and easily stands on own feet, the PM underlined efforts of the private sector in realization of major projects under the bonds capital. The factory is planning to create a set of products that include outerwear, underwear, bags, shoes and boots, as well as leather, wool and cashmere clothing.