The investment that Uzbekistan made in land-reclamation works over last four years has materialized, as the country has successfully produced over 3.5 million tons of raw cotton this year, Uzbekistan President Islam Karimov said while applauding the farmers of the country.
He said that over past four years the country invested around 539.5 billion soms in land-reclamation works, and the record cotton production has been achieved only due to the same.
As revealed by Mr. Karimov, over 90 percent of the cotton produced in Uzbekistan is of best quality. He informed that cultivators of Karakalpakstan, Andijan and Navoi regions were the first to fulfil their contractual obligations.
As per the preliminary estimations, the gross income from cotton for the current season is likely to cross 2.4 trillion soms, which is 25 percent higher than last year's earnings, the Uzbek head said.
He further stated that such growth would certainly extend great opportunities for development of villages, in particular, and also of the country as a whole, as it would facilitate establishment of new schools and colleges, better medical facilities, social and rural infrastructure, etc. which would improve life of the people in the country.
He also revealed that the demand for Uzbek cotton is rising in international market. To substantiate his statement he quoted the results of the latest international Uzbek Cotton and Textile Fair which resulted in the Uzbek firms inking sales contracts with big overseas firms for supply of 650,000 tons of Uzbek cotton fibre.
Around 200 textile firms in Uzbekistan have modernized themselves and entered into new partnership deals with foreign firms, so as to boost internal processing and ship ready-made items with value-added cost, the President stated.
The Uzbek President also informed that while in 1990s just seven percent of the fibre produced domestically was processed within the country, the percentage has now gone up to 33 percent, which is indicative of country's great progress on this front.
Fibre2fashion News Desk - India
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