The Ministry of Foreign Economic Relations, Investments and Trade of Uzbekistan and LT Textile Cooperatief signed an investment agreement in October 2014. The Dutch company will invest at least $55 million in the textile enterprise in 2015-2016 in accordance with this agreement, including $17 million of its own funds, $38 million from foreign banks. The government of Uzbekistan approved an agreement envisaging the organization of the textile production with the capacity of processing 20,000 metric tons of cotton fiber by producing 15,000 metric tons of cotton and mixed yarn per year. It is planned to export 80 percent of the enterprise’s products. The Department of Justice of Uzbekistan’s Kashkadarya province registered the foreign enterprise LT Textile International with US $ 1 million worth authorized capital in late January 2015. A land area of 30 hectares has been allotted for the construction of textile complex, as well as a number of privileges and preferences has been granted: in particular, until 2022, the enterprise is exempt from customs duties on technological equipment, spare parts and accessories, imported within the framework of implementation of this project.
Bharat Tex Special Report 2026 
