Uzbek Prez asks the textile-clothing industry to locate 50 types of products
The meeting noted the need to develop the textile industry with a new dynamic. A program will be launched next year to export industry products worth more than $5 billion.
Uzbek President Shavkat Mirziyoyev recently asked the country’s textile and garment industry association to locate at least 50 types of products, promising $100 million in budget allocation for such projects to commercial banks. . He also pledged $50 million for carpet production, while chairing a national industry development meeting.
The state bears 70% of transport costs for the export of fabrics and knitwear to European countries, Turkey, Egypt and Morocco.
Disruptions related to transport and logistics are affecting small-scale production units in Uzbekistan due to the difficult situation in the world currently prevailing, President Mirziyoyev said. Production also fell at 65 major companies in the country.
In the first nine months of this year, the country’s industrial production volume increased by 5.3%. Small-scale production is also on the rise in the country, a government newswire said.
Although funds have been allocated, infrastructure still needs to be put in place in the 118 industrial zones and the European Union’s Generalized Scheme of Preferences Plus (GSP+) is not fully utilized by exporters.
Europe represents only 6% of textiles, 3% of electrical appliances and 1% of silk and food products exported from Uzbekistan.
These and other shortcomings, as well as priority tasks for the next year, were discussed at the meeting.
“Heads of industries, hokims should look for opportunities in this difficult situation, use internal reserves, come up with proposals and initiatives,” President Mirziyoyev said.
The president also asked the authorities to provide guaranteed raw materials to manufacturers of home appliances, carpets and furniture to help businesses that cannot operate at full capacity.
Fibre2Fashion (DS) News Desk