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Uzbekistan, South Korea to implement Techno Park textile project

The allocation of Uzbekistan visited South Korea to discuss the implementation of the project to create a textile Techno Park in the city of Tashkent. The company plans to expand the geography of exports to the countries of Southeast Asia, Europe, the Middle East, Africa, as well as North and Latin America.

The parties agreed that the Korean side will start supplying technological and laboratory equipment, and the Uzbek side will begin customs clearance of the equipment supplied.

The installation of the equipment is expected to begin in March 2018. Construction and installation work will be completed by mid-2018 and the Techno Park will be commissioned in September 2018.At present, Uzbekistan continues to attract foreign investments for construction of textile enterprises in the country.

Until mid-February 2018 the Korean decided for training in parallel with the installation of the equipment.

Main objective of the techno park construction works in the sphere of material science, dyeing and finishing production, fabric design as well as development of alternative energy sources. It is aimed at development and implementation of international training and research programs as well as exchange of experience to develop textile industry.

Group of buildings with the territory of more than 10,000 square meters is expected to be constructed within the framework of the project.

The establishment of the Techno Park is expected to raise the Uzbek light industry to a qualitatively new level of development and improve the training system for the sector.

Textile industry of Uzbekistan is considered to be one of the most dynamic and socially important sectors and ranks high among export-oriented industries of the country’s economy. The Uzbek textile industry is mainly focused on cotton, silk and wool.

Annually, Uzbekistangrows about 3.5 million tons of raw cotton, produces 1.1 million tons of cotton fiber.One of the policy priorities of Uzbekistan, the world’s fifth-largest cotton exporter, is further development of its textile industry.

Uzbekistan takes consistent steps to increase the volume of cotton fiber processing. In particular, it is planned to create 112 modern, high-tech industrial factories, expand, modernize and technologically upgrade 20 operating capacities. All this will increase the export potential of the industry up to $2.5 billion a year and create more than 25,000 jobs.

 
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