Last year Uzbekistan processed 40 per cent of all cotton produced in the country compared to domestic processing at only seven per cent in 1991. Today, Uzbekistan exports textile products to more than 50 countries. In recent years, exports have expanded to Brazil, Chile, Croatia, and Nigeria.
The target is to process all cotton fiber processed inside Uzbekistan by 2020. Today cotton yarn accounts for nearly 50 per cent of cotton exports. The task is to increase export of products with high value added by a gradual reduction of yarn exports.
Currently the share of finished products in the total volume of production amounts to 47 per cent. In future the plan is to push up this figure to 65.5 per cent and increase the share of finished products in exports from 41 to 70 per cent.
Some $2.2 billion of investments (nearly half of them foreign investments) will be attracted by the industry in 2017-20. Special textile complexes will be launched on the basis of a four-phase system that from processing to production of finished products. More than 27,000 new jobs will be created. It is also planned to organize 120 new and upgrade more than 10 enterprises.