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Related Keywords: attract investment, competitive products, cotton spinning, garment factories, increase manufacturing, silk industry, streamline, textile complexes, textile enterprises, traditionally grows cotton, Turkmenistan textile industry, weaving factories, wool processing

Turkmenistan plans to streamline its textile industry to increase the manufacturing of competitive products and attract investment in this industry as it holds an important place in its economic system, the country’s President Gurbanguly Berdimuhammadov said.

Turkmenistan traditionally grows cotton, which serves as a basis for developing the textile industry. The annual turnover of the textile industry is about $400 million as of 2014.

During the last meeting of the Cabinet of Ministers, the issues related to the development of the textile industry were discussed.

Related Keywords: approved 20 new park, attract investment, generate employment, Minister of State for Textile, Nation workshop, Santosh Kumar Gangwar, set klup more parks, textile investors, textile manufacturing, to strengthen Make in India in Textiles, under Integrated textile park scheme

Minister of State for Textiles (Independent Charge), Santosh Kumar Gangwar addressing a two-day National Workshop, held to strengthen Make in India in Textiles announced that government approved 20 new parks during previous seven months under the Scheme for Integrated Textile Park (SITP). The Government would set up 8 to 10 more parks in the 12th Five Year Plan. These parks will be catalytic in realizing Make in India vision of the Hon'ble Prime Minister.