PRESS OF UZBEKISTAN
June 27, 2016
INVESTMENTS: FERGANA REGION… SUCCESSFUL EXPERIENCE
Numerous production facilities have been commissioned in the Fergana region in recent years with the support of foreign investors. $78.6 million investments, including $54.5 million of direct investments, were channeled to the real economy last year alone.
The bulk of investments fell on the light, electrical engineering, chemical industry and construction materials sector. Currently, 16,500 people are employed at 638 light industry companies. 42 active joint enterprises are exporting their products to more than 30 countries.
Indorama Kokand Textile of Kokand, Beshariq Tuqimachi of Besharik district, Fergana Spinning enterprises of the Baghdad district implemented long-term projects, and established the manufacture of new products. The recently launched Uzbek-Thai joint venture Fergana Oseana Textile in Fergana is capable of annual processing of 3,600 tons of raw cotton and producing high-quality yarn. Products are exported to European countries, Russia and China.
The Uzbek-British joint venture Beshariq Textiles is another supplier of Uzbek products to the external market. Over the past three years it has carried out a large-scale modernization, and introduced modern technologies.
“Our company manufactures finished articles from local cotton fiber. We constantly track the situation on the domestic and foreign markets and try to produce the goods that meet customer needs. We export more than a hundred kinds of sports and children\'s clothing of natural fabrics, generally 90% of our products. Over the past period of the current year, we have produced articles totaling 1.85 billion soums (currency rates of CB RU from 27.06.2016, 1$= 2938.71 soums), and exported goods worth $424,000,” said the company\'s director, Mukhtor Kobulov.
The Fergana leather industry has been keeping apace. In 2015, it implemented 22 projects, established the production of new types of footwear and leather goods.
The footwear produced by the Uzbek-German joint venture Uzsalaman in Fergana enjoys great demand. Equipped with modern equipment, the company produces more than 20 kinds of shoes.
(Source: «Uzbekistan Today» newspaper)