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.
