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Posco International Textile to build Uzbek cotton textile cluster
20 Nov '21
1 min read
Pic: Shutterstock
To support the initiative of Uzbek President Shavkat Miromonovich Mirziyoyev’s to implement cotton textile clusters and develop agriculture, Posco International Textile has expressed its readiness to set up such a cluster. This was discussed during a recent meeting of the company management with the Uztekstilprom Association chairman Ilkhom Khaydarov.
The company will start work on the project by next year, according to a report in an Uzbek daily. The company requested the Uztekstilprom Association for assistance in the implementation of the cluster.
South Korean-owned Posco International Textile is one of the largest textile companies in Uzbekistan, employing 4,000 and manufacturing and exporting high-quality yarns and fabrics.
President Mirziyoyev signed a decree, which, starting from the harvest season of 2022, introduces the procedure for financing the cultivation of raw cotton and cotton picking at the expense of the Fund for State Support of Agriculture.
Fibre2Fashion News Desk (DS)
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