NEWS AND EVENTS
June 16, 2014
Uzbekistan prepares concept of light industry development
Uzbekistan prepared a concept of development of light industry of the country for 2015-2020.
The document was developed by Uzbekyengilsanoat state joint stock company in cooperation with the Ministry of Economy, Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan in cooperation with interested ministries and departments.
In line with the concept, Uzbekyengilsanoat is planning to increase production of industrial goods to 6.97 trillion soums by 2020. The company plans to produce industrial goods for 2.59 trillion soums in 2014 and consumer goods – 1.036 trillion soums. (Currency rates of CB from 10.06.2014 1$= 2304.44 soums).
In particular, Uzbekistan is planning to increase production of cotton yarn from 218,300 tonnes to 562,800 tonnes and cotton fabrics – from 120 million square meters to 340 million square meters.
Uzbekyengilsanoat will increase production of stockinet from 40,600 tonnes to 110,500 tonnes, knitted products from 138.6 million units to 296 million units, ready garments – from 6.1 million units to 20.1 million units.
In line with the programme for 2010-2013, approved with the resolution of the President of Uzbekistan, the company implemented 108 investment projects with attraction of foreign direct investments for US$620.8 million.
According to Uzbekyengilsanoat, about 65 large enterprises of the company carried out audit of technological equipment.
Over 21,916 technological equipments of the companies were audited and it was revealed that 20,252 equipments o 92.4% can be used in production. About 989 equipments should be replaced and 675 equipments cannot be used at production process.
In 2012-2014, about 711 units of knitting, spinning and sewing equipment for US$13.346 million were replaced to new ones.
Uzbekyengilsanoat increased number of exported items from 21 to 27 in 2010-2013. Number of importer countries rose from 43 to 50 and number of exports increased from 123 to 250 units.
Currently, about 54% of light industry exports are directed to Russia, 12% - to Turkey, 10% - states of the European Union, 8% - China, 5% - South Korea, 3% - Ukraine and 3.5% - to other states.