- Textile industry of Uzbekistan: potential to rise and opportunities for investment
Today leaders in the world textile industry are the countries where production factors allows to minimize cost price. - Today leaders in the world textile industry are the countries where production factors allows to minimize cost price.
- With other things being equal, European countries, USA, as well as South Korea and Turkey are already facing difficulties to compete against developing countries in textile production. Among developing countries such cotton manufacturers as Uzbekistan, Pakistan and India possess huge potential for further development of their textile industry.
- Advantages of Uzbekistan:
- Qualified labor resources, traditions in textile productions;
- Government support, incentives and Anti crisis Program, favorable investment climate
- Availability of vast stocks of raw materials (cotton, yarn);
- Low-cost energy resources (gas, electricity), infrastructure;
- Access to big international (CIS, EU) and local markets.
- UZBEKISTAN - world recognized Center of textile production
Factors for further development of textile sector in Uzbekistan: - Relatively low capital intensity of textile sector reduces barriers to an involvement of small business enterprises, promotes creation of the competitive environment;
- High level of interlinking to other branches of economy: agriculture, financial sector, logistics, etc.;
- Relatively high level of added value provides faster capital turnover, creates conditions for its accumulation;
- Visible international character of the industry, including share in foreign trade, investments.
STRUCTURE OF THE STATE COMPANY “O’zbekyengilsanoat” - Infrastructure
- enterprises
- Today SJSC “O’zbekyengilsanoat” consolidates 175 enterprises.
- Cotton yarn – 300 thousand tons;
- Weaved fabric – 111,7 mln. sq.m;
- Knitted fabric - 59,0 thousand tons;
- Knitted products – 197,2 mln. pieces.
- Row silk – 1,4 thousand tons;
- Hosiery – 14,0 mln. pare;
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