President of the Republic of Uzbekistan Shavkat Mirziyoyev got acquainted with projects being implemented in Yuksalish small industrial zone in the city of Namangan.
In the industrial zone with an area of 117 hectares, it is planned to implement 95 projects worth 1 trillion 208 billion UZS in such industries as production of building materials, mechanical engineering and metalworking, electrical engineering, textiles and clothing.
To date, 32 projects worth 66.9 billion UZS have been completed, capable of producing goods for 311.1 billion UZS. The output of these industries at full capacity will create 7.3 thousand jobs and export goods worth $7.8 million per year.
Currently, the industrial zone’s enterprises produce slate, steel seamless pipes, metal products, water pumps and electric motors, terry towels, large containers for water, as well as plastic pipes and parts, socks and knitwear.
The Head of the state was presented a project for the production of ceramic tiles and ceramic products from the LLC Flat Tile. 73 billion UZS of initiators’ own funds and 52 billion UZS of bank loans will be allocated for the implementation of the project worth 125 billion UZS.
The project with a production capacity of 35 billion UZS per year will be launched in the second quarter of 2021 and will create 410 jobs, as well as it is planned to export goods for $15.3 million a year.
“Such mineral wealth as in Uzbekistan is rare”, said Shavkat Mirziyoyev. “We have many opportunities and natural resources for production of such high-quality products, but we imported them. Why? Because they did not conduct modern geological research and expeditions, did not apply a scientific approach. Now it’s time to use raw materials correctly, effectively, find scientifically sound solutions for the production of goods that meet modern requirements!”
The President also got acquainted with projects of Zamin Kiyim Sanoat enterprise on manufacturing men’s suits, jackets and coats. The project worth 24 billion UZS provides for production of products worth 10 billion UZS and export for $300 thousand a year. 300 people will be employed.
The Head of the state got acquainted with the exhibition of products of a number of enterprises operating in a small industrial zone.
Detailed information was presented on the potential of industrial production in Namangan region, as well as on investment projects planned for 2020-2021, ongoing work to reduce poverty and develop self-employment.
“This is not yesterday’s Namangan. Creating 55 thousand jobs in a very short time, developing projects worth 13 trillion UZS will certainly bring unprecedented changes in the region”, the Head of the state said.
President Shavkat Mirziyoyev, having deeply analyzed each reviewed project, gave instructions and recommendations to responsible persons.
“Our main mistake is that we do not value money! We must use every penny allocated by the state to support entrepreneurship, develop infrastructure, create additional jobs, wisely! We must constantly strive to reduce production costs, including transportation costs. We should apply scientific and innovative approaches to solving every issue”, said President Shavkat Mirziyoyev.
The activity of more than 100 enterprises of the small industrial zone was studied.