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Hongkong enterprise invests on Uzbekistan

Hongkong enterprise invests on Uzbekistan

Write: Huatare [2011-05-20]

The Uzbekistan media disclosed that Hong Kong Super Times Holding Company has hand with Uzbekistan to establish Super Times Textile Co..With capital of 18.30million USD, this factory is forecasted to own yearly output of over 4000 ton cotton yarn and can put into production after the installing of production line on the end of 2007.

The data from Uzbekistan Light Industry Stock Co. shows that during 1995-2006, total 60 enterprises from Japan, Germany, South-Korea, China, Turkey, and England are put into production in Uzbekistan. With starting up of 94 projects with total investment 1.22billion USD, the export value of this company can ensure to reach 1billion USD.

At present, India also shows its intention to invest on Uzbekistan. For 2007, Uzbekistan plans to introduce 19 projects from overseas, total investment capital 93.20billion USD, including 10 ones owned by Uzbekistan Light Industry Holding Co.,Ltd.