BAKU, Azerbaijan, December 23
By Jeila Aliyeva - Trend:
The number of export sales of textile products amounted to about $319 million for 10 months of 2020, Trend reports with reference to Arzuw NEWS information portal.
About $2 billion has been allocated for the development of the country's textile industry for over 25 years.
More than 60 percent of textile products produced in Turkmenistan are exported to European countries, Turkey, Russia, and China.
As of December 2020, 1.3 million tons of cotton were harvested in Turkmenistan, which is more than the volume for 2019 by 250,000 thousand tons. About 700,000 hectares of land were allocated for the cultivation of cotton this year.
Turkmenistan plans to allocate more than $300 million for the implementation of over 30 projects in the textile industry by 2025.
Due to the above-mentioned investments, the manufacture of commercial products will grow 1.2 times in Turkmenistan over these years. Also, the implementation of the planned measures will allow the textile industry of Turkmenistan to carry out constant technical and technological re-equipment of existing and creation of new high-tech industries.
Major investments will be directed not only to expanding existing capacities but also to creating more than 10 new production facilities based on existing enterprises that use modern technologies for the manufacture of environmentally friendly products.
There are more than 70 enterprises in the industry, including large textile, cotton spinning, and weaving industries, clothing factories, silk processing enterprises, shoe factories, factories for primary processing of leather and wool.
Cooperation with foreign companies and international financial institutions that ensure the growth and further development of the textile industry in Turkmenistan. With the participation of foreign companies, 13 modern textile plants were put into operation, where the manufacture of products that meet the most modern requirements of international quality, management, and marketing standards was established.
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