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Kyrgyzstan invites global investments in textile sector

27
Apr '12
Due to a shortage of capacity to process natural fibres like cotton and wool, Kyrgyzstan has to export a majority of its natural fibre produce.

A shortage of cotton and wool processing capacity means, Kyrgyzstan has to export 95 percent of its natural fibre production, a top official of the Ministry of Energy and Industry, said.

Ms Fatima Sadamkulova, Head of Light Industry Department under the Ministry of Energy and Industry said, at a panel discussion on development of textiles and apparel sector.

“The annual cotton output is around 101,300 tons and that of greasy wool is 11,100 tons. Of this, only 22,500 tons was processed in 2011, due to a shortage in textile processing capacity”, she said.

“We are not able to process the natural fibres, due to a shortage of textile capacity, technicians and finances”, Sadamkulova added.

“Since we are planning to hike cotton and wool output to 120,000 tons and 16,600 tons, respectively, there is an urgent need to attract global investments in the textile industry value-chain”, she informed the delegates.

The country is planning to increase cotton acreage to 40,000 hectares in the new season.

Fibre2fashion News Desk - India


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