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Azerbaijan cotton industry created 64,000 jobs last year
30
Mar '17
Cotton industry in Azerbaijan created 64,000 jobs in 2016, and a three-fold jump in job creation is expected this year, the country’s president Ilham Aliyev has said. Since the September 2016 presidential decree on state support for cotton production, the government has been providing very large state support to cotton growing in the country.

“We (have) invested, and we will invest hundreds of millions of dollars in the development of cotton growing,” said Aliyev while addressing a conference on the development of cotton growing in Azerbaijan, in Saatli region this week.

Cotton growers in Azerbaijan are now exempt from all taxes, including land tax. And, due to the government’s focus on giving a new life, the cotton industry is likely to see more than a three-fold jump in jobs. The industry is expected to generate nearly 200,000 new jobs this year, the president said.

The development of cotton growing will go a long way in boosting the country’s light industry. “Last year we laid the foundation of a light industry park in Mingachevir (the fourth largest city in Azerbaijan). A total of nine plants, including a yarn plant, will be built there. The first plants will already open there this year. And this is a great economic initiative,” said Aliyev. (RKS)

Fibre2Fashion News Desk – India


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