Kyrgyz government to attract textile industry investment

The government of Kyrgyzstan is considering active development of the country's textile industry over the next few years with the aim of creating conditions for its recovery.

As part of these plans, a new textile cluster is expected to be established in the Chui region. According to Deputy Minister of Energy and Industry Sapar Asanov, annual production at the new cluster will be equivalent to KGS2.2bn (US$14.6m) and it will comprise more than 30 enterprises.

The implementation of the project, which is scheduled for 2013-15, will allow Kyrgyz textile production to be significantly increased and exports to start. The new project will create 10,000 jobs.

Local analysts believe the establishment of the cluster will help improve situation in the industry, which currently remains complex.

For the full story, see the December 2012 edition of Textiles Eastern Europe. Not a subscriber? Subscribe HERE