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Uzbekistan textile sector witnesses robust growth
18
Sep '12
Uzbekistan’s light industry, which includes the production of cotton fiber, cotton and silk fabrics, raw silk, ambary fiber, hosieries and socks, knitted and woven garments, carpets and rugs, etc., has seen robust development over the past two and a half years, with commissioning of several new textile enterprises in the industry.
 
According to the State Joint Stock Company Uzbeklegprom, about 43 enterprises worth US$ 390 million have been commissioned in the Uzbek Light Industry during 2010 to 2012. Meanwhile, another 23 investment projects worth around US$ 625 million are in the implementation stage.
 
Uzbekistan presently has a capacity to process 450,000 tons of raw cotton and produce 350,000 tons of cotton yarn, 65,000 tons of knitted fabric and 160 million square metres of cotton fabrics per annum.
 
In August this year, nine textile enterprises worth US$ 101 million and an overall annual production capacity of 15 million pieces of knitted garments, 24,500 tons of cotton yarn and 6.2 million pairs of hosiery, became operational, which will increase Uzbekistan’s export capacity to about US$ 126 million.
 
Uzbekistan aims to achieve a 20 percent hike in production and a 10 percent rise in export of textiles and garments by 2016. For this, it intends to raise its domestic cotton processing capacity from the existing 35 percent to 50 percent.
 
According to the industrial development program, the country looks forward to draw US$ 1.7 billion for implementation of 55 investment projects during 2011-2015.
 
As of 2011, the light industry accounted for 2.7 percent of Uzbekistan’s GDP, 26 percent of the country’s total industrial production, and 44 percent of all non-food items produced in the country.
 
The Uzbek light industry, embraces 282 firms, including 133 textile firms, 117 sewing and knitting units and 32 silk firms.
 

Fibre2fashion News Desk - India

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