The National Press Center of Uzbekistan has played host to a press conference to discuss the issues pertinent to bolstering the production of textile goods and uplifting the exporting potential of enterprises in the light industry.

The National Press Center of Uzbekistan has played host to a press conference to discuss the issues pertinent to bolstering the production of textile goods and uplifting the exporting potential of enterprises in the light industry.

Uzbekistan’s textile industry today has technological equipment from world manufacturers, modern industrial complexes of full cycle, wide geography of export deliveries. To build up the sector to a new level, a special development strategy was worked out in our country, which places investments, modernization and focus on the production of finished products as key factors.

The availability of rich resource base in Uzbekistan, of qualified specialists, a favorable investment climate, existing benefits and preferences allows for the increase in the volume of investments into the light industry each year. Only in the last three years, 92 industrial enterprises worth 575.3 million dollars with export potential 215.8 million dollars have been put into operation. More than 11.6 thousand jobs have been created in the area sphere.

Among the most important projects implemented by the “Uzbekyengilsanot” State Stock Company, is the creation on the basis of Kokand Textile Factory of the new joint venture “Indorama Kokand Textile” with a production capacity of 29 thousand tons of yarn per year, the setting up of “Uzteks Group” production line in Khorezm Region to produce 12 thousand tons of cotton yarn per year together with Capital Suisse (Switzerland), establishment on the premises of the former “Uzbektekstilmash” production association of a new “Rieter Uzbekistan” foreign enterprise, which produces tape, carding, ring spinning machines.

Thus, to date, around 290 enterprises, including 156 set up with the participation of foreign investors from South Korea, India, Singapore, Germany, Switzerland, Italy, Japan, the United States and other countries are operating currently in the system of the Uzbekyengilsanoat SSC.

According to the Uzbekyengilsanoat, another 18 new industrial enterprises worth totaling 99 million dollars with an exporting potential of 43.1 million dollars are to be commissioned for the 24th anniversary of our country. They are to employ more than a thousand people.

The industrial goods production growth rates are expected to shore up by 20 percent in the year 2015 as compared to the indicators of 2014, while the manufacture of consumer goods is anticipated to boost by 25 percent.