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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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