A Kazakh-Uzbek joint venture plans to establish a cotton-textile cluster worth $41.5 million near the city of Zhetysay, QazMonitor reports citing the press service of the Turkistan region.
Representatives from TST Jetysay Textile (Kazakhstan) and TST Group (Uzbekistan) met with the head of the Turkistan region Darkhan Satybaldy to discuss the venture’s plans for cultivation and processing of cotton, along with the production of finished goods for potential export.
So far, the project has been included in the national industrialization map with a 5-hectare land plot allocated in the Asyk Ata village. The enterprise aims to annually produce 7,500 tons of textile thread, 5,000 tons of fabric, and 800,000 units of textile products. Executed in stages between 2023 and 2028, full-scale production is slated to commence in July 2025, creating 1,450 new jobs.
"It is crucial to create new jobs to bolster the region’s own revenues… We're prepared to support individuals who want to establish their own businesses and build a factory or plant. We also have to improve water-efficient technology in cotton cultivation. Cotton demands extensive research and investment. The local administration will create optimal conditions for the development of the cotton cluster," said Satybaldy.