TASHKENT, October 19 (Itar-Tass) —— The 8th international Uzbek cotton and textile fair, which came to an end in the Uzbek capital, showed that cotton and textile produced in the republic is highly valued in the world market. According to the results of the fair of this year, the volume of concluded contracts for the purchase of cotton increased by 11.7 percent, and the volume of supplies of textile products grew by 9.1 percent in comparison with 2011, the local mass media reports on Friday.
According to their information, contracts for the purchase of 670,000 tons of raw cotton (over 600,000 tons in 2011), as well as contracts for supplies of products of home textile enterprises to the sum of over 600 million dollars (over 550 million dollars in 2011) were signed.
Bangladesh (39 percent), China (13 percent) and Korea (7 percent) remain to be the main buyers of Uzbek cotton in the current season.
According to the state--joint-stock company Uzbeklegprom, in 2011-2015, Uzbekistan plans to attract to the textile sector 1.7 billion dollars and realize 55 investment projects, which will make it possible to increase the volume of internal processing of raw cotton from the current 40 percent to 70 percent in 2015.
Production of raw cotton in Uzbekistan in 2012 can make about 1.1 million tons against 1.009 million tons in 2011.
The international cotton fair in Tashkent is held under the aegis of the International Cotton Advisory Committee (ICAC). Beginning from 2005, Uzbekistan concluded at the held fairs contracts in the volume of about 4.5 million tons of raw cotton.
Uzbekistan ranks sixth in the world in production of cotton and third in its export.