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Govt plans huge investments in textile-value chain

17
Feb '10
The Kazakhstan government is on its way to executing a number of projects across the textile value chain which envisages an investment of KZT 55.3 billion or US $374 million.

The investment relates to setting up projects related to developing new variety of cotton seeds, cotton ginneries, a spinning and weaving mill and readymade garments.

These projects are expected to help rapid development of industrialization and when fully operational will help provide jobs to around 2,200 people.

These textiles related enterprises will be set up in South Kazakhstan. This was revealed by the Governor of the region, Askar Myrzakhmetov.

Fibre2fashion News Desk - India


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