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Italian industrial park to be set up in Uzbekistan

Aug '18
Uzbek silk industry association Uzbekipaksanoat and the Italian Silk Association recently agreed to set up an Italian industrial park in Uzbekistan. Firms specializing in processing of cocoons, silk item production and related equipment and components will operate in the park, which, experts say, will raise exports to the European Union and open new markets.

Both sides have already agreed to create the first joint venture to produce finished silk products, according to an Uzbek news agency report.

The association is also negotiating with Turkish textile companies to produce new products like silk carpets and painted silk fabrics.
Under the framework of the government-approved program of measures on integrated development of the silk industry until 2021, 20 plants for the production of grena and about 30 plants for the processing of cocoons are currently being modernized in the country.

Work is also under way to organize 11 new profile enterprises for deep processing of the silkworm cocoon with a cost of $83.2 million, most of which are planned to be commissioned this year. (DS)

Fibre2Fashion News Desk – India

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August 2018

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