Uzbekistan increases export of textile products
Tashkent, Uzbekistan, Oct. 15
By Demir Azizov- Trend:
One of the policy priorities of Uzbekistan in the field of industry is further development of its modern textile industry, Uzbekistan's Prime Minister Shavkat Mirziyoyev said in his address to the 11th International Cotton & Textile Fair in Tashkent Oct. 15.
The prime minister said that currently more than 35 percent of cotton fiber produced in Uzbekistan is processed within the country.
He said that Uzbekistan takes consistent steps to increase the volume of cotton fiber processing.
In the period 2010-2014, the textile industry of Uzbekistan received and spent foreign investments worth $785 million, 147 new textile enterprises with participation of investors from Germany, Switzerland, Japan, South Korea, the USA, Turkey and other countries were commissioned. Export potential of these enterprises amounted to $670 million. Today, products of light industry enterprises of Uzbekistan are exported to nearly 50 countries.
"Uzbekistan is interested in further development of international relations in this direction," said Mirziyoyev.
He went on to add that the textile industry of Uzbekistan every year increases the volume of exports. If in 1994, the domestic textile industry exported products worth $8 million, this figure exceeded $1 billion by the end of 2014.
"At the same time we seek to go further, and this year a program for the development of light industry was launched," said the prime minister. "In the next five years we plan to commission more than 100 joint ventures in the light industry with the most advanced technology and equipment."
Edited by CN