LT Textile Cooperatief UA, is organizing textile production with the latest technology and energy saving equipment. The textile company has started the construction of the new textile unit which is expected to start production in November 2016 and at least 80 percent of its output will go for export. The project is expected to create about 700 jobs. Government of Uzbekistan approved the investment agreement signed last October between the Uzbek Ministry of Foreign Economic Relations, Investment and Trade and LT Textile Cooperatief UA to provide specific obligations to the foreign investor for the new textile project, and provided 30 hectares of land in Karshi for the new factory.