The Ministry of Textiles of Turkmenistan
The Ministry of Textiles of Turkmenistan was established in May 1995 in accordance to the Decree of the President of Turkmenistan No. 2207 “On the issues of the Ministry of Textile Industry of Turkmenistan” dated May 16, 1995.
Currently, it includes more than 60 enterprises that produce cotton yarn, the production of various types of fabrics, knitted fabrics and ready-made garments, silk-processing companies, shoe factories, as well as factories for the primary processing of leather.
For the period from 1995 to 2009, exports of textile products increased by 29 times.
During the independence years, over $1.3 billion was invested for the construction, renovation and technical re-equipment of existing enterprises. Foreign investors’ shares made up 22% of that sum, or about $300 million.
Along with the introduction of new technologies, the industry pays considerable attention to improving the quality and compliance of products with environmental safety requirements.
Major international companies such as IKEA, Sears, Wal-mart, Levi’s, Zara, Miss Erika, Foot Locker and others are among the main customers for finished products.
In accordance with the program of Turkmenistan textile industry development, it is planned to create a number of new modern enterprises. Their commissioning will allow an annual processing of up to 254,000 tons of cotton fiber. It is also planned to increase yarn production up to 224,000 tons and cotton fabric up to 305 million square meters annually by the year 2020.
The amount of investments in the textile industry is planned to be increased to 1.5 billion US dollars; textile enterprises are planned to be introduced in all cotton-growing regions of the country, which will additionally create up to 20,000 new jobs.
The implementation of the program will make it possible to increase the production volume of the textile industry in comparison to 2008 by 2.2 times, cotton yarn – by 2.6 times, fabrics – by 1.6 times, knitwear and garments – by 2.1 times by 2020.