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Turkmenistan's business union to set up more enterprises to substitute import

Business Materials 18 August 2020 19:36 (UTC +04:00)
Turkmenistan's business union to set up more enterprises to substitute import

BAKU, Azerbaijan, August 18

By Jeila Aliyeva - Trend:

Union of Industrialists and Entrepreneurs of Turkmenistan (TUIE) will develop a program on creation of enterprises that manufacture import-substituting products, Trend reports with reference to TUIE.

The program applies to set up all types of enterprises: small, medium and large-sized entities.

The program will also help increase the number of job places in Turkmenistan, the union added.

From January through July 2020, enterprises that are members of TUIE increased industrial production by 9.6 percent, while agricultural and food production increased by 36.3 percent compared to the same period last year.

Currently, TUIE unites more than 23,000 representatives of private business.

The Union of Industrialists and Entrepreneurs of Turkmenistan is a public organization that unites physical and legal persons engaged in entrepreneurial activities on the basis of private and (or) mixed ownership in order to promote the development of entrepreneurship in Turkmenistan.

The union can carry out its activities on the territory of Turkmenistan, as well as on the territory of other states.

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Follow the author on Twitter: @JeilaAliyeva

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