Uzbekistan and Ukraine signed contracts worth more than US $ 47.4 million in the presence of representatives of more than 50 enterprises operating in textile and other sectors. This development has come as Uzbekistan has initiated special attention to focus on the textile industry in the country.
Uzbekistan’s President Shavkat Mirziyoyev also visited several industrial enterprises and launched the construction of a new metallurgical plant during his trip to the Navoi Province last month.
The country is making its effort to grab foreign investments to implement various projects costing more than US $ 70 million. The Government is also planning to equip its factories with highly-efficient modern machines, manufactured by Rieter, a Swiss company, informed the President. As a result of implementation of these projects, the country will be able to fully process cotton fibre.
Also Read – Uzbekistan plans to process all locally produced cotton by 2020
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Besides, Uzbekistan – which exports textile products to more than 50 countries including Brazil, Chile, Croatia, and Nigeria – has decided to process all cotton fibres inside the country by the year 2020.
