Fashion
Uzbekistan targets textile exports worth $3.3 bn in 2026
Production in this industry amounted to 134 trillion soums (~$11.2 billion), the amount of foreign investment utilised reached $2.1 billion and exports amounted to $2.5 billion in 2025, he was told.
Uzbekistan plans to raise textile production by 10 per cent YoY in monetary terms and their exports by 32 per cent YoY in 2026, President Shavkat Mirziyoyev was informed.
The target is to raise production to $12.2 billion and exports to $3.3 billion.
The plan is to attract $2.2 billion in foreign investment into the sector next year.
Jobs in the sector are planned to be raised to 650,000 next year.
Employment in the sector increased to 623,000 this year, with the potential to rise to 650,000 next year.
The processing of cotton fibre will be further deepened and the capacity utilisation rate for the production of fabrics, knitwear and finished products will be increased in 2026, a release from the President’s office said.
The target is to raise production to 147 trillion soums (~$12.2 billion) and exports to $3.3 billion. The government plans to attract $2.2 billion in foreign investment into the sector next year.
This will create additional capacity for the production of 207,000 tonnes of synthetic and blended yarn, 397 million square metres of fabrics and 224 million units of apparel and knitwear.
The meeting discussed dependence on imports to meet part of the demand for cotton fibre, the high cost of financial resources, growing logistics costs in external markets and a shortage of qualified specialists in several areas.
To address these problems, the government has planned a gamut of measures for next year. Enterprises will be provided with preferential loans worth $200 million to replenish working capital, financial recovery will be undertaken for 138 enterprises and another 100 companies will be involved in export activities.
Special attention will be paid to introducing international standards and certification. The creation of a modern textile laboratory capable of analysing the quality of finished products across 24 areas is planned.
ERP systems and artificial intelligence technologies will be implemented at 40 textile enterprises.
Fibre2Fashion News Desk (DS)