Viewpoints About Potential Stimulation And Possibilities Of Investments On Textile Industry Uzbekistan

Shakhrukh Madjidov () and Bekhzod Khakimov ()
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Shakhrukh Madjidov: Tashkent Institute Of Textile And Light Industry
Bekhzod Khakimov: Tashkent Institute Of Textile And Light Industry

European Journal of Business and Economics, 2012, vol. 6, issue 0, 22-24 volume1: 6

Abstract: Uzbek light industry, in particular, the textile sector is one of the strategically important and dynamic sectors of the national economy. Textile industry of Uzbekistan possesses high ranks in the sectors directed to exportation, therefore it contains wide specter of export ranging from thread up to ready­made product (made of stockinet, sewing, silk and carpet cloth). Contemporarily textile industry gains the fifth rank in the gross domestic product contribution and a third of all the workers in the field of industry is occupied in textile. Uzbek light industry still has significant untapped investment potential, all the conditions for the further rapid growth. Necessary to increase the production of goods for the domestic market to meet the growing needs of the population. This requires investment in projects for the production of finished cotton fabrics, blended fabrics, silk fabrics, garments and knitwear for the establishment of mobile industries with mandatory formation in their composition structures, responsible for design, marketing, quick changeovers production with fashion and demand.In the foreseeable future for the light industry remains a key role in the development of industrial production in the country. Experts believe that more needs to be done to develop the significant potential that lies in the light industry of the country.

Keywords: Direct investmentModernization; Export; Textile industry; Silk branch (search for similar items in EconPapers)
JEL-codes: O14 O25 O57 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aad:ejbejj:v:6:y:2012:i:0:p:22-24

DOI: 10.12955/ejbe.v6i0.138

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