More information on CAITME - Central Asian International Textile Machinery Exhibition
CAITME is the largest International textile machinery exhibition in Central Asia and the one of a kind in Uzbekistan. According to the experts’ opinion, CAITME is a showcase of the latest technology and a meeting place for buyers and sellers in the textile industry fr om all over the world. It provides companies with the best opportunity to enter successfully one of the most promising markets with dynamically developing textile industry and recognized regional textile and fashion development center. The Uzbek light industry, particularly, textile sector is being considered one of the most strategic and dynamically developing sectors of local economy.
Numerous quantitative and qualitative changes, according to the expert evaluations, have recently taken place in the textile industry of Uzbekistan. Economic performance of the industry has seen a significant increase in the volume of domestic processing of cotton fibre, exports, production rates and attracted foreign investments. Thus in 2008 comparing to 2007 the volume of industrial production has grown by 20%, the volume of exports of the industry has increased up to USD 375 mln.
In line with the government approved State Program on Attraction of Investments into the Textile Industry, allowing to attract significant foreign investments and most up-to-date technologies, conduct re-equipment and modernization of existing production facilities, out of 66 projects 60 projects were already implemented and production process was launched. Total amount of foreign investments, attracted for these projects makes over USD 345 mln, whereas the financing, equipment supplies, balancing and commissioning were initiated for the rest of them.