Uzbekistan has emerged as one of Central Asia’s fastest-transforming textile economies, evolving from a raw cotton exporter into a fully integrated manufacturing ecosystem spanning yarn, fabric, and finished apparel. Backed by over $2 billion in investment and a government-led modernization roadmap, the country is now attracting global buyers seeking sustainable, cost-efficient alternatives to traditional sourcing destinations. According to the World…
Read Article
South Asia stands at a paradox. Home to nearly 2 billion people and a US$5 trillion economy, the region trades far more with Europe, the United States, and China than within its own borders. Intra-SAARC trade remains stuck at just 8% of total exports, around US$38.7 billion, compared to 22% in ASEAN and nearly half…
Leading international clothing retailers in India, including Marks & Spencer, H&M, Zudio, and Lifestyle, are facing supply shortages amid a prolonged restriction on imports of readymade garments from Bangladesh through land ports, The Economic Times reported yesterday. The Directorate General of Foreign Trade (DGFT) of India issued a notification on May 17 banning garment imports from…
Three new RMG factories in the country got LEED certification, which is a testament to the country’s unwavering commitment to environmental sustainability in the readymade garment (RMG) sector. The three new LEED-certified RMG factories are: Tasniah Fabrics Ltd Admin Building and Tasniah Fabrics Ltd RMG Building at Nayapaya in Gazipur’s Kashimpur, and Comfit Golden Leaf at…
1 January 2025, Uzbekistan recorded 283,600 active individual entrepreneurs (IEs), reflecting a 17.91% increase compared to the previous year, according to the press service of the Tax Committee. Nearly 83% of entrepreneurs opted for fixed-rate income tax, 16.2% chose turnover tax, and 0.9% are registered as VAT payers. The registration rate of new IEs surged…