BAKU, Azerbaijan, July 6. The joint
Azerbaijani-Uzbek sewing enterprise Businesstex JV currently
produces around 150 types of men’s clothing, 300 types of women’s
clothing, and 150 types of children’s clothing using various
fabrics, Trend reports.
The company plans to expand its product range to include men’s
shirts as well as special and military apparel in the future.
At present, the factory produces approximately 2,500 units of
knitwear per day, with plans to ramp up production to 10,000 units
daily. Notably, 80 percent of its products are intended for export
to various international markets.
The factory currently employs 250 people, all of whom received
professional training at the initial stage of the project. The
workforce is expected to double to 500 as operations expand.
Priority for employment is given to citizens returning to the
liberated territories and residents of nearby regions.
The initial investment in the project amounted to six million
manats, with raw materials sourced through joint production
cooperation agreements. The factory uses locally sourced as well as
Turkish, Uzbek, and Chinese raw materials. To establish the
enterprise, the Azerbaijan Business Development Fund under the
Ministry of Economy allocated a preferential loan of 3.5 million
manats. Additionally, the project benefitted from VAT and customs
duty exemptions amounting to approximately 640,000 manats.
The enterprise is expected to make a significant contribution to
increasing non-oil exports from the region.
The construction of the garment factory in Khankendi was carried
out on the instructions of the Presidents of Azerbaijan and
Uzbekistan to deepen economic and investment cooperation between
the two countries. This joint Azerbaijani-Uzbek project not only
creates new opportunities for the development of Azerbaijan’s light
industry but also serves as a symbol of the strong and enduring
friendship and economic partnership between Azerbaijan and
Uzbekistan.
