PRESS OF UZBEKISTAN
August 31, 2016
UZBEKISTAN DEVELOPED THE ELECTRICAL INDUSTRY DEVELOPMENT PROGRAM BY 2030
Under which it is planned to disburse $1 billion of investment, establish the manufacture of 22 kinds of new products, and increase the production capacity by 5.1 times.
The electrical engineering industry ranks among the fastest growing sectors of the economy. About 50 companies within the system of O’zeltehsanoat Joint Stock Company specialize in the production of cable, electrical, home appliances.
In 2005, the production volume was 80 billion soums (currency rates of CB RU from 31.08.2016, 1$= 2989.64 soums), while in 2015 it reached already 1.3 trillion soums. Today, 27 enterprises under the company produce competitive products and export them to the CIS countries and other states. Last year, they sold goods in foreign markets for $167.7 million. Compared with the five years old numbers, the growth was 172%.
In the first half of 2016, the volume of production reached 630.7 billion soums with 16.6 percent growth. Enterprises produced consumer goods for 218.5 billion soums. The production of electric vacuum cleaners has increased by 2.7 times, washing machines by 58.9%. 21.9% of all manufactured products were exported.
The structure of production drastically changed as a result of diversification in 2005-2015. In 2005, the share of home appliances was 3.7%, while by 2015 it reached 28.9%. The production of more than 25 kinds of previously imported household appliances has been developed in Uzbekistan over the past five years. In 2010, the country produced household appliances for 22.3 billion soums, and in 2015 – for 334.8 billion soums. As a result, last year Uzbekistan covered its market with domestically produced household appliances by 40-45%.
O’zeltehsanoat finds it important to expand the involvement of small businesses in filling the domestic market with competitive electrical appliances. Currently, nearly 76.7% of its system is represented by small businesses, which produce high-quality household appliances and electrical equipment on the basis of modern technologies. 20 household appliance manufactures have been established in recent years. In 2015, the production volumes of small business enterprises in the company’s system exceeded 618 billion soums, and their share in the balance sheet amounted to 48.7%.
The further enhancement of structural reforms in the sector, modernization and diversification of industrial production, including the consistent increase in the volume of deep processing of local raw materials, volumes and range of high value-added products, access to new outlets, and increase in the production of competitive electrical products will remain the priority tasks for the company.
It is planned to focus on the regional development of the industry. To this end, the company has scheduled the implementation of 95 investment projects worth $295 million by 2019, with the establishment of more than 5,000 new jobs.
It is planned to increase the production of air conditioners by 8.6%, gas and electric stoves - 6.7%, TV sets - 6.5%, refrigerators - 4.6% and washing machines – by 3.1% this year alone.
(Source: «Uzbekistan Today» newspaper)