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Uzbekistan strive to introduce overseas capital for textile industry

Uzbekistan strive to introduce overseas capital for textile industry

Write: Hartman [2011-05-20]

Uzbekistan media shows that Uzbekistan Light Industry Nation-owned Stock Co.,Ltd is planning to further introducing overseas capital—absorb overseas investment 0.136billion USD for 2007, increased by 26.2%. The statistic from Uzbekistan disclosed that during 1991-2005, Uzbekistan textile field absorbed about 1.23billion USD overseas capital.

The decision from Uzbekistan government shows that the involved Uzbekistan enterprises can import accessory, decorations with free tax. Uzbekistan government should also prolong the favorable policy to 2009—the involved joint-venture enterprises specialized in producing of garment, sock enjoy free tax except value added tax. On the end of 2006. Uzbekistan government plans to cost about 46.7billion USD to upgrade the technology of 66 textile enterprises.