By: Trends Editorial team
Uzbekistan, the 6th largest cotton producer, was the 3rd largest exporter of cotton, but in recent years has been reducing the export of raw cotton, focusing on the export of high value-added products.
The textile-garment and knitwear industry is a strategic sector for the economy of Uzbekistan, providing a high level employment of the population, contribution to the economic and industrial potential and the international prestige of the state. The unique geopolitical position of Uzbekistan makes it possible to be in direct economic dialogue with many countries and to pursue mutually beneficial business cooperation with both the countries of Europe and Asia.
The light industry is developing year by year. Introduction of new production technologies, the use of high-performance, modern equipment, combined with efficient management, ensures high productivity of labor at enterprises in the industry, and an increase in industrial production. The Republic, which has long exported only cotton fiber, today has unlimited opportunities for gaining a leading position in the global textile market, not only as a supplier of cotton fiber, but also as an exporter of textile products, especially finished products.
The light industry of Uzbekistan is one of the leading and dynamically developing industries. Uzbekistan is one of the world’s largest producers of natural textile fibers, cotton yarn and knitwear. In the republic there are more than 7,000 textile enterprises, the annual capacity of which is:
The Decree of the President of the Republic of Uzbekistan of 14.12.2017. No. DP-5285 provides for liquidation of JSC “Uzbek Yengil Sanoat” and creation of “Uztuqimachiliksanoat” (Uzbekistan Textile Industry) Association. These reforms and the correctly chosen strategy and competent management of “Uztuqimachiliksanoat” Association allowed domestic textile companies to demonstrate positive growth dynamics.
Today, the Association unites over 1,600 major manufacturers in the textile market in Uzbekistan, which account for a substantial part of light industry production, in particular, the processing of 706 thousand tons of cotton fiber and production of 510 million square meters of fabrics of various assortments, including: knitted fabric – 89 enterprises; finished knitwear – 495 enterprises; garments – 354 enterprises; hosiery – 54 enterprises; textile haberdashery – 20 enterprises.
At the same time, 300 textile companies were created with the participation of foreign investors from such countries as China, South Korea, Russia, India, Singapore, Germany, Switzerland and others. Association enterprises also produce other products of a wide range and specific profiles, including medical products, nonwovens, satisfying the need
for wadded products, special working clothes, terry products, as well as ensure the development and introduction of new generation products into production – new innovative products. For 15 years, within the framework of implementation of 300 investment projects, about $2.5 billion USD was implemented to the textile industry, including over the last 3 years – 575.3 million dollars. Over 80% of attracted foreign investments accounted for countries such as China, South Korea, Switzerland, Singapore, the United Kingdom, Germany, India and Turkey. Indicators of technical equipment of industrial premises increased. More than 1.6 million spinning spindles were put into operation, 100 thousand chambers, which accounted for 89.3% of the existing park of technological equipment.
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