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Turkmenistan: Turkmenistan seeks to raise investments in textile industry

2016/05/28

Turkmenistan aims to further raise foreign investments and introduce new technologies, create the majority favorable conditions for investors in its textile industry, the 'Neutral Turkmenistan' newspaper reported May 25.

The newspaper said that over the years of independence, cotton fiber processing increased from 3 % to 51 % in the country.

Currently, additional than 70 enterprises produce cotton yarn, cotton, terry, denim, knitted fabrics and knitwear in Turkmenistan.

Cotton yarn production in the country increased 2.4 times from 2000 to 2015, cotton production - 4 times, and export of textile products - 3.2 times.

Additional than 70 % of the country's textile products are exported to the US, Europe, Russia, Ukraine, Turkey, China and Baltic nations.

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