Textile industry of Uzbekistan: potential to rise and opportunities for investment

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Bog'liq
cotton industry in uzb

Missions of the Company

Supporting steady growth of the industry;
Reconstruction,technical and technological updating of enterprises, launching new capacities, attracting foreign investments;
Covering local consumption (27 mln. population);
Increasing export potential.

Increase in production of cotton intense products (terry toweling, home textiles, etc.). Development of modern technologies in productions of blended and technical fabrics;
Optimization of production cost, through usage of capacities, favorable prices for raw materials, spare parts for equipment, energy sources;
Implementation of investment projects to increase production of finished products (as well knitted and sewed products) in accordance with requirements in the world and internal markets;
Further improvement of business climate and investment environment. To promote shifting to Uzbekistan production capacities from West and East Europe, Turkey subject to keep their marketing channels;
Realization of promotion programs, creation of dealer’s structures, logistics and access issues;
Support and development of «Uzbek textiles» and “Made in Uzbekistan” brands.

Existing capacities on cotton processing more than 300 thousand tons
Annual export of textile and apparel more than 400 million dollars;
Foreign investments attracted - above 1,2 billion dollars (90 million dollars in 2009);
More than 100 joint and foreign enterprises;
In 2009 15 new enterprises, including modern spinning facilities (Daewoo Textile Bukhara, Plastex, Vobkent Textile and others with annual capacities of 43 thousand tons of yarn) have been launched

Main preferences and privileges given to textile enterprises:
producers of hosiery & ready garment are absolved from all taxes (excluding VAT);
textile exporters (more than 80% to be exported) are absolved from property tax.
absolving from customs payments for import of technological equipment and spare parts, as well as materials which are not produced in Uzbekistan;
15% discount from world cotton price, additional 5 % discount provided subject of whole reprocessing cotton fiber up-to ready goods;
the right for purchase cotton yarn in domestic market at zero VAT.

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