PRESS OF UZBEKISTAN
February 29, 2016
LIGHT INDUSTRY OF UZBEKISTAN
Major reforms on the upgrade, technical and technological extension of the operating facilities, and establishment of new enterprises for the production of output with high added value have been in progress. O\'zbekyengilsanoat Company has been making a remarkable progress in this direction. The head of Technical Policy and Forecasting Department, Dilbar Muhamedova, told UT about the achievements and future plans of the domestic light industry.
Our company has been implementing a range of measures to upgrade its facilities, introduce innovative technologies, and increase the output with high added value. As a result, in 2015 alone, the volume of the industrial production of enterprises exceeded 3 trillion soums, while that consumer goods - 1 trillion soums. (currency rates of CB RU from 29.02.2016, 1$= 2851.65 soums)
O’zbekyengilsanoat enterprises have been actively boosting their presence in foreign markets, as testified by the growing export performance, which exceeded $1 billion, and the number of exporting companies reached 254, accounting for 89% of the total number of O\'zbyekengilsanoat enterprises. Their export structure has included new types of textile products like bamboo, modal and blended yarn, jacquard fabric and wale cloth, new types of ready sewed and knitted articles, models, patterns and weaves. Last year, the share of high value-added products in total exports reached 42%.
Domestic textile, garment and knitwear articles are exported to more than 55 countries. Last year, Uzbekistan entered new markets in Colombia, Brazil, El Salvador, Pakistan, Georgia, Croatia, Nigeria, and others. Enterprises participated in international specialized trade fairs in Germany, the Republic of Korea, China, Russia, Belarus, Latvia, Turkey and other countries in order to diversify foreign markets and expand the export range.
Foreign investments, opening of new joint ventures and expansion of existing manufactures were the main thrusts of O\'zbekyengilsanoat’s activity last year. Under the Investment Program of Uzbekistan for 2015, the company drew $187.3 million, which is 2.7% more YOY. Last year, it commissioned 33 new enterprises and created more than 12,500 new jobs.
The manufacture of products for sports purposes ranks among the future priorities. In line with them, the industry enterprises developed the design of children\'s sportswear and established the mass production. In 2015, the sportswear production volumes exceeded 190.8 billion soums, which is 12.2% more YOY.
In the current year, the enterprises of light industry keep working on the increase of high value-added finished products. They accentuate the increase of exports, attraction of foreign investments, and production of children\'s sportswear. By the end of 2016, it is planned to bring exports indicators to $1.1 billion, implement 32 investment projects on the establishment of 24 new enterprises and upgrade 8 existing facilities. It is expected to create 12,700 jobs, including for graduates of vocational colleges.
(Source: «Uzbekistan Today» newspaper)