Kyrgyzstan-based sock and hosiery manufacturer Tekstil Trans Ltd. has set up a new textile factory at the cost of US $ 9.5 million at Chui Province in Kyrgyzstan. The manufacturer received a financial support of US $ 7.5 million from the Russian-Kyrgyz Development Fund to set up this facility.
Setting up of this unit will minimize the country’s dependency on the import of textile products, namely fabrics, from other markets. This will ultimately result into reducing the production cost of domestic sewing industry, said Kyrgyzstan’s Prime Minister Sooronbai Jeenbekov.
Initially the factory will produce 9-10 tonnes of readymade products per day or 225 tonnes per month which is expected to reach 30 tonnes per day in the time to come.
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Latest technological equipment and high-quality raw materials from Uzbekistan, Tajikistan, and China is being used by the company to manufacture products. The new factory will also create 150 jobs.
