President Berdymukhamedov signed documents, which define the immediate focus on the development of the textile industry. For this purpose, the State Bank for Foreign Economic Affairs of Turkmenistan may open a number of letters of credit with the attraction of capital from the Italian bank. The future agreement should help the government to purchase new machinery for the development of the textile complex. It is expected to open a large production, which will annually produce about 100 tons of yarn from the wool of camel and goat. But not all of the funds will be used to buy the equipment; the rest will be used to open a new workshop.
A new workshop will be created at the cotton spinning factory in Dashoguz, where the production of materials from wood and cane, cotton stalks and other woolen waste that cannot be used for yarn will be realized. About 7,000 tons of material is expected per year, to be used for furniture production. The agreement itself determines not only the amount of money received, but also the delivery to the state, the installation of modern equipment at the place of use.
Source: centralasia.news
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