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Textile sector develops in Uzbekistan's Fergana province
08
Nov '13
The Fergana province in eastern Uzbekistan is witnessing an increase in the region’s textile sector production and exports due to radical reforms implemented under the leadership of President Islam Karimov, Uzbekistan National News Agency (UzA) reported.
 
The Fergana province is particularly paying attention to the development and modernization of industries and creating favourable conditions for attracting foreign investment, which has resulted in the region’s industrial production rising by about 7.9 percent over the last year.
 
In all 380 new production facilities have been commissioned in various sectors, including the light industry, in the frame work of the government’s policy.
 
At present, there are 117 enterprises in the Fergana region which have been set up in collaboration with foreign investors. This include a joint venture Indorama Kokand Textile in Kokand city, which has an annual capacity to produce 7,000 tons of high-quality yarn, which is then exported to over 10 countries, including Bangladesh, Belgium, Spain, France, Italy, Brazil and Argentina.
 
The light industry is playing an important role in expanding the export potential of the region. Textile enterprises like the Fargona Turon Textiles, Bulut Tekstil, Margilon Osie Tex and Besharik Tekstil have exported in volumes greater than the projected quantity in the last few months. 
 
An important factor in increasing the export potential of these textile enterprises is the August 8, 2013, decree of President Karimov announcing additional measures to support the export of small businesses and enterprises. This enabled private firms to get legal, financial and organizational assistance to increase their production and better compete in the global market.
 

Fibre2fashion News Desk - India

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