TASHKENT, Uzbekistan, August 30. A new textile factory has been launched in the Kushtepa district of Uzbekistan’s Fergana region, Trend reports via the regional administration.
The organization secured a $15 million foreign direct investment
capital infusion. Their offerings are slated for export to Iran,
the United Arab Emirates, Thailand, Pakistan, Kyrgyzstan, and the
Russia.
During the inaugural ceremony, regional governor Khayrullo Bozorov
articulated that entrepreneurs serve as a pivotal catalyst for
economic advancement, establishing substantial enterprises,
generating employment opportunities, enhancing production
capabilities, and amplifying export activities.
The inauguration of a state-of-the-art, globally competitive
manufacturing facility in Kushtepa was recognized as a significant
benchmark. Such enterprises are poised to catalyze the local
economy and serve as pivotal agents in regional development
dynamics.
Through the entrepreneur's strategic initiative, the surrounding
locale of the manufacturing facility underwent significant
development, resulting in the employment of over 500 women in
various capacities. Upon achieving full operational capacity, the
labor force is anticipated to scale to 3,500 personnel, with export
figures forecasted to aggregate at $30 million.
As documented, agreements have been executed with multinational
corporations, whose offerings are currently being deployed for
preliminary requisitions. The production oversight team has
validated that the initial cohorts of requisitions have been duly
acknowledged and processed.
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