Currency rates from 27/09/2024
$1 – 12736.48
UZS – -0.17%
€1 – 14193.53
UZS – -0.52%
₽1 – 137.60
UZS – -0.33%
Search
Economy 25/08/2009 Uzbek textile industry to invest US$183.8m in 2009-2011
Uzbek textile industry to invest US$183.8m in 2009-2011
Tashkent, Uzbekistan (UzDaily.com) -- Textile enterprises of Uzbekistan will invest over US$183.8 million to production of ready products in 2009-2011.

The Uzbek government approved programme on modernization of non-food goods producers for 2009-2011. The programme included 19 projects in textile industry with total cost of US$183.8 million.

Total capacity of introduced capacities will allow to produce 91 million square meters of ready fabrics, 5.2 million units of ready-made garments, 7.9 million units knitwork and 7.3 million legwear, as well as 32,000 tonnes of high quality of yarn a year.

The projects will be financed due to foreign direct investments and credits for US$107.4 million, own resources of the enterprises - US$58 million and resources of the commercial banks of Uzbekistan - US$18.4 million.

Implementation of the projects will allow Uzbekistan to increase production of ready fabrics by 2.9 times in 2009-2011 to 182.6 million square meters, ready-made garments by 2.5 times to 32.3 million units and knitwork by 1.2 times to 40.4 million units. The country plans to increase legwear output by four times in the reporting period to 43.7 million pairs.

Stay up to date with the latest news
Subscribe to our telegram channel