Programme on developing leather-footwear industry adopted
23/12/2016 17:24
Programme on developing leather-footwear industry adopted
23/12/2016 17:24
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan adopted a programme on measures of further developing leather-footwear industry for 2016-2020.
The programme was approved by the presidential resolution from 15 September 2016, the press service of the Ministry of Finance of Uzbekistan said.
The resolution is directed at further improving structural reforms in economy, modernization and diversification of leather-footwear industry, expansion of the volume and nomenclature of ready export-oriented products with high added value based on deep processing of leather raw materials, attracting foreign investments to the sector.
The resolution approved the task on production of demanded leather-footwear products at external markets based on processing of leather raw materials.
According to the document, Uzbekistan plans to produce industrial goods for US$1.683 billion in 2016-2020.
In particular, the Uzbek enterprises plan to produce 29,150 pairs of footwear, 2.99 billion square decimeters of leather, as well as leather products for US$35.6 million.
The resolution also approved investment projects on production of export-oriented ready products with high added values for 2016-2020.
It is planned to implement 59 projects for total cost of US$76.5 million in the reporting period. In particular, Uzbekistan plans to realize 37 projects on creation of new capacities for total sum of US$59.6 million and 22 projects on modernization and reconstruction of existing objects for US$16.9 million.
According to Uzbek Finance Ministry, the project on modernization of existing leather plant MM Goodwill was implemented in 2016. Investments for US$1 million were used within the project, which helped to create additional capacities for processing 3 million square decimeters of raw leather.
In 2017, Uzbekistan intends to realize 11 projects and use investments worth US$6.7 million. These project will help to organize production of export-oriented ready leather-footwear products with high added value.
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