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Turkmenistan seek foreign investment to further expand its textile industry

Related Keywords: cotton production, cotton yarn production, create favourable condition for investors, introduce new technologies, over the years of independence, raise foreign investment, rise in textile product exports, seen increase in cotton fiber processing, tenth producer of cotton, textile industry expansion programme, Turkmenistan

Turkmenistan over the years of independence has seen increase in cotton fiber processing from 3 percent to 51 percent. Also the country’s cotton yarn production has increased 2.4 times from 2000 to 2015 and cotton production 4 times.

The country aims to raise foreign investment to bring further expansion in its textile industry for which they intend to create the most favorable conditions for investors and also introduce, new technologies.

At present, Turkmenistan has more than 70 enterprises producing cotton yarn, cotton, terry, denim, knitted fabrics and knitwear

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