India to invest in Uzbek textile
Uzbek company `` Toytepa Spentex Tashkent in 2012 to master the modernization of technological equipment $ 9.76 million, including $ 2.17 million make an additional investment of Spentex Industries Ltd., Which are sent to update production.
The Indian company Spentex Industries Ltd - the largest investor in the light industry of Uzbekistan. It accounts for almost a quarter of the attracted in recent years in the textile industry of the Republic of direct foreign investment - $ 108.8 million
In 2006, the company acquired two of the largest in Central Asia in Tashkent spinning mills and TOYTEPA for $ 81 million in 2010, investment in the textile industry in Uzbekistan have been increased by 1.3 times - up to $ 108.8 million
These acquisitions have become the largest Indian investment, capital in the textile industry of Uzbekistan.
The investor has undertaken to provide, starting from 2010, the production of not less than 34.6 thousand tons of cotton yarn, 8.3 million meters of finished fabrics, as well as exports of manufactured products worth at least $ 78 million per year .
With the completion of the modernization of production in 2016, the enterprise with foreign investments `Spentex Tashkent Toytepa`, experts predict, will be the largest producer of cotton yarn and fabric in Uzbekistan, reaching the bar 44 thousand tons of yarn and 24 million meters of fabrics.
Provided by the government in 2009, privileges and preferences allow companies with Indian capital enter into the category of major producers of finished fabrics.
Uzbek textile workers, taking into account the experience of the new players on the global textile market - Vietnam, Cambodia, India, Malaysia, Indonesia and Bangladesh, is mainly focused on increasing the output of resource-intensive products with high added value. `Business Journal of the East #39;
