April 2008

 
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Rise of textile industry

The demand for Uzbek cotton is growing, as the production of cotton fibre processing and ready-made garments on the rise and the export potential of the country has intensified substantially. 

This is particularly reflected in the programme on development of textile industry's output for 2007-2012. Substantial preparatory and organizational work had been carried out for this purpose the necessary infrastructure has been created, and foreign investments are being attracted, etc.

Large-scale reforms are being implemented in the country to gradually increase the volume of processing of cotton fibre through the establishment of modern enterprises and complexes specialized in the production of fabrics, as well as sewed and knitted goods that match the international standards.

The policy of the Uzbek Government aimed at protecting the economic interests of the State (in other words exporting finished goods rather than raw material) is making many "players" of the world cotton market introduce adjustments to their business plans. The textile industry of Uzbekistan is represented by numerous enterprises set up in partnership with investors from Germany, Italy, Korea, Turkey, Russia, India, the United States, the United Kingdom and other countries of the world.

 In 2007 alone, Uzbekistan's US$87 million of foreign investments were directed into the industry; 23 new enterprises were opened and as a result some 10,000 new jobs were created. Thus, at this point the textile enterprises have the capacity to process 320,000 tonnes of cotton fibre, produce over 300,000 tonnes of yarn, 195 million running meters of cotton fabric, 160 million pieces of sewed and knitted garments, and 11 million pairs of hosiery products.

 

 

 

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