NEWS AND EVENTS
April 17, 2017
EXPORT CAPACITY OF LIGHT INDUSTRY OF UZBEKISTAN
EXPORT CAPACITY LIGHT INDUSTRY OF UZBEKISTAN
132 new investment projects in light industry, totaling over $2.2 billion, are scheduled for implementation in Uzbekistan over the next three years.
“Over half of the projects will be financed through foreign investments and loans. For example, it is planned to establish 112 cutting-edge and high-tech industries, expand, upgrade and re-equip 20 operating enterprises. We expect that the projects will scale up export capacity of the industry to $2.5 billion per year, and create 25,000 additional jobs,” Uzbekyengilsanoat reported.
Last year’s projects in the light industry totaled $123 million. Uzbekyengilsanoat increased its export capacity by $53.3 million through the commissioning of new capacities, and establishing 3,165 new jobs.
(Source: «Uzbekistan Today» newspaper)