Turkmenistan seek foreign investment to further expand its textile industry

YarnsandFibers News Bureau 2016-05-26 15:00:00 – Ashgabat

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

More than 70 percent of the Turkmenistan's textile products are exported to the US, Europe, Russia, Ukraine, Turkey, China and Baltic countries. From 2000 to 2015, its export of textile products has witnessed 3.2 times raise.

The Central Asian country, Turkmenistan is among the top 10 producers of cotton and its high quality, fine-fibre "white gold" is used for local production of jeans wear. Jeans with a "Made in Turkmenistan" label are sold in a variety of Western supermarket chains, including U.S. company WalMart and exported to dozens of countries.

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