Kyrgyzstan: Tekstil Trans Ltd has opened a new textile factory in Kyrgyzstan’s northern Chui province. Kyrgyzstan’s Prime Minister said that opening of this enterprise will help reduce Kyrgyzstan’s dependence on the import of textile products, namely fabrics, which will allow lowering the production cost of domestic sewing industry. The total cost of the new textile factory project is $9.5 million, including $7.5 million provided by the Russian-Kyrgyz Development Fund.
Kyrgyzstan’s Prime Minister emphasized that the light industry is among priority sectors of Kyrgyzstan’s economy. Domestic textile products are in high demand in foreign markets. With the country’s accession of the Eurasian Economic Union, Kyrgyz entrepreneurs, including textile producers, have a good opportunity of entering a larger market.