Uzbekistan adopts programme on development of textile and sewing-knitting industries

The document envisages implementation of 132 investment projects on production of ready export-oriented textile and sewing-knitting products with high added value on the base of deepening of processing of cotton yarn and raw silk in next three years.

According to the Central Bank of Uzbekistan, it is planned to direct over US$2.2 billion. The commercial banks will participate in financing the projects, including via participation in the equity of the companies, providing loans, etc.

Implementation of the programme will allow to diversify and develop textile and sewing-knitting industries, expand production of competitive and export-oriented ready products.

The programme also envisages attraction of foreign investments to the industries.