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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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Seven textile ventures to attract foreign investment
28 Mar '06
1 min read
Seven textile ventures are to be launched by April 2006 to attract foreign investors.
With this investment programme, Uzbekistan is to increase production of light industry.
The country expects increase in production of cotton yarn by 33,300 tons, 37 million metres of fabrics, 2,200 tons of stockinet and 3.8 million ready knitwork and garments.
According to Enterprises of Uzbeklegprom (Uzbek Light Industry), total investment of seven enterprises amounts to US $50.1 million.
The programme includes 94 investment projects, which will allow to produce additional 329,900 tons of cotton yarn, 144.4 million metres of fabrics, 186.6 million unites of knitwork, as well as 65.5 million units of garments and 59.5 million units of hosiery.
Textile industry anticipates investments of $1.22 billion to the sector.
With this investment programme, Uzbekistan is to increase production of light industry.
The country expects increase in production of cotton yarn by 33,300 tons, 37 million metres of fabrics, 2,200 tons of stockinet and 3.8 million ready knitwork and garments.
According to Enterprises of Uzbeklegprom (Uzbek Light Industry), total investment of seven enterprises amounts to US $50.1 million.
The programme includes 94 investment projects, which will allow to produce additional 329,900 tons of cotton yarn, 144.4 million metres of fabrics, 186.6 million unites of knitwork, as well as 65.5 million units of garments and 59.5 million units of hosiery.
Textile industry anticipates investments of $1.22 billion to the sector.
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