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New Enterprise LTD Tiflis Textile Opened within Produce Georgia

First Deputy Prime Minister, Minister of Economy and Sustainable Development Dimitri Kumsishvili officially opened the Tiflis Textile Ltd, supported by the Agency “Produce Georgia” on June 11th. Factory will produce socks.

“Tiflis Textile”  is using the component of availability of finances in the state program “Produce Georgia”, which means that the co-financing of the first two years will be carried out by the Agency ”Enterprise Georgia”.

In addition, “Tiflis Textile” Ltd has utilized the infrastructure support of the state program, in particular with the support of the National Agency of State Property, to build an enterprise in Tbilisi, on Lortkipanidze str. # 81 a sq.m. Land and building was handed over to the enterprise.

It is noteworthy that “Tiflis Textile” was equippedwith modern quality machinery and equipment with the support of Agency “Produce Georgia”. In the enterprise where 50 people are employed, the total volume of investment amounts more than 6 million GEL. The company carries out the production of the manufactured products on the local market and plans to expand the range of products and to exploit international markets in the future.