Held in Samarkhad, Uzbekistan, the ITMF Annual Conference and the IAF World Fashion Convention showcased the transformative potential of Uzbekistan’s textile and apparel (T&A) industry.
The event brought together leading Uzbek textile manufacturers, international investors, and representatives from public and regulatory bodies to discuss the sector’s future.
Focusing on the theme, ‘Innovation, Cooperation and Regulation-Drivers of the Textile and Apparel Industry, the ITMF Annual Conference and IAF Fashion Convention 2024attracted over 500 industry experts. The event explored the future of textiles, showcased cutting-edge innovations, and stressed the importance of global collaboration.
From January to July this year, Uzbekistan exported textiles worth over $1.7 billion to 85 countries. It plans to triple this figure to $6.5 billion by 2026. Driven by recent reforms and modernisation efforts, Uzbekistan’s textile industry has made significant strides. A few of the industry’s key milestones include the establishment of cotton-textile clusters in 2017 and the lifting of the cotton boycott in 2022, aligning the industry with global standards. Uzbekistan’s participation in initiatives such as the Better Cotton Initiative and the Better Work program has further boosted its international export capabilities.
Government support has played a crucial role in attracting foreign investment in Uzbekistan. Kihak Sung, Chairman, Youngone Corporation, highlighted his company’s success in the country including a $55 million investment and the creation of over 5,000 jobs.
Taking note of Uzbekistan’s rising influence in the textile industry, Karim Shafei, International Partner, Gherzi Textil Organisation, emphasisedon the country’s potential to disrupt the global market. Mirmukhsin Sultanov, Acting Chairman, Uztextileprom, highlighted the country’s goal to reach $10 billion in textile exports by 2030 and its focus on technology, innovation, and sustainability.
A global trade association, the International Textile Manufacturers Federation (ITMF) promotes collaboration and communication among textile manufacturers to support industry growth and sustainability. The International Apparel Federation (IAF) is the leading global association for the apparel industry, fostering international cooperation and dialogue to drive development.
