To support the initiative of Uzbek President Shavkat Miromonovich Mirziyoyev’s to implement cotton textile clusters and develop agriculture, Posco International Textile has expressed its readiness to set up such a cluster. This was discussed during a recent meeting of the company management with the Uztekstilprom Association chairman Ilkhom Khaydarov.
The company will start work on the project by next year, according to a report in an Uzbek daily. The company requested the Uztekstilprom Association for assistance in the implementation of the cluster.
South Korean-owned Posco International Textile is one of the largest textile companies in Uzbekistan, employing 4,000 and manufacturing and exporting high-quality yarns and fabrics.
President Mirziyoyev signed a decree, which, starting from the harvest season of 2022, introduces the procedure for financing the cultivation of raw cotton and cotton-picking at the expense of the Fund for State Support of Agriculture.
