In its endeavour to bring significant reforms in the textile industry of Uzbekistan, the President Shavkat Mirziyoyev signed a regulation recently.
The focus is to completely reprocess the raw cotton locally and also enhance the export potential of the country.
According to the regulation “On measures to further deepen reforms and expand the export potential of the textile and garment and knitwear industry,” the Government of Uzbekistan is directed to develop and approve the concept of rapid progress of the textile and clothing-knitting sector for the 2019-2025 period, within 3 months.
With this, the country should be able to easily reprocess the produced cotton locally and increase the annual export of textile products to US $ 7 billion by 2025.
The regulation also provides several encouraging initiatives for firms engaged in the export of textile products starting from 1 April 2019.