Ilhom Haydarov said that Maschinenfabrik Rieter AG opened its subsidiary Rieter Uzbekistan in Uzbekistan to implement the project. In the first stage, the enterprise will produce 120 units of textile equipment, he said.

Uzbekyengilsanoat chief said that Swiss firm received premises on the base of Uzbektekstilmash and it construct new enterprise there.

The project will be realized within three stage and the volume of investment in the first stage will be US$2 million, Haydarov said.