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Turkmenistan textile industry is on the way to a new stage of development as it plans to hold an international exhibition in Ashgabat on June 4-5, 2016, said the message from the event's organizers, Turkmenistan's Ministry of Textile Industry and the Chamber of Commerce and Industry May 31.

The textile industry holds an important place in Turkmenistan's economy as it traditionally grows cotton which is a basis for ensuring the development of the textile industry.

This year, it’s planned to collect 1.05 million tons of cotton from an area of 545 hectares in Turkmenistan.

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: 10 varieties of cotton, contractual obligations, cotton, Gurbanguly Berdimuhammadov, harvest of raw cotton, Turkmenistan, Turkmenistan textile industry

Cotton is a major source of the country's export, and it is the raw material for dozens of modern enterprises of the dynamically developing Turkmenistan's textile industry. Turkmen President Gurbanguly Berdimuhammadov at the governmental meeting expressed dissatisfaction with the pace of the agricultural work, primarily cotton harvesting.

He demanded the necessary organizational arrangements be made in order to ensure that the regions fulfill their commitments on delivering raw cotton.

Related Keywords: textile export, Turkmenistan textile industry

Turkmenistan traditionally grows cotton which is the basis for the development of the textile industry, the annual turnover of which is nearly $400 million.

The president Gurbanguly Berdimuhamedov expressed thankfulness to resolution of key infrastructure, investment, and innovational tasks due to which the country's textile industry has all opportunities to ensure its competitive privileges in export.