Uzbekistan expands Namangan Free Economic Zone with new textile cluster

[ad_1] TASHKENT, Uzbekistan, September 17. Uzbekistan's Namangan Free Financial Zone has been prolonged to Turakurgan, together with the brand new “Iftixor Kiyim Sanoat” cluster enterprise with a $198 million funding, Development stories through the Uzbek president's workplace.

Throughout an August 13 assembly, President Shavkat Mirziyoyev highlighted the significance of textile enterprises cooperating with main international manufacturers. “Iftixor Kiyim Sanoat” has efficiently applied this strategy: its merchandise are manufactured beneath orders from Bugatti, Pierre Cardin, Roy Robson, Baldessarini, Lavard, Jake’s, Engbers, Cinque, Walbusch, and different well-known manufacturers. Immediately, clothes produced in Namangan fills cabinets throughout Europe.

As well as, the enterprise produces upholstery materials for Mercedes-Benz, BMW, and Rolls-Royce automobiles, making it the one facility of its sort within the area. Total, “Iftixor Kiyim Sanoat” has established partnerships with almost twenty worldwide manufacturers.

From its beginnings as a small stitching workshop, the enterprise has grown into a big industrial cluster, protecting the complete cycle from cotton cultivation to the export of completed merchandise. Strict high quality requirements have allowed its merchandise to succeed on the worldwide market.

In the course of the go to, President Mirziyoyev reviewed the manufacturing course of and met with workers. As soon as working at full capability, the enterprise is anticipated to supply $100 million value of merchandise yearly, create 2,000 new jobs, and supply regular tax revenues. Partnerships with international manufacturers guarantee secure markets, important overseas trade earnings, and extra employment alternatives.

Namangan stays Uzbekistan’s main area within the textile sector. Textiles account for one-third of the area’s industrial output and half of its exports. The area is dwelling to roughly 2,500 textile enterprises producing beneath almost 250 manufacturers, offering sustainable incomes for over 100,000 folks.