Singapore'S Investment In Uzbek Cotton Textile Industry
According to Wu
Buick Stein
According to the announcement of the state owned assets committee, in early July 2010, Indorama Industry of Singapore bought a textile joint venture in Kokand, Fergana, at zero cost.
At the same time, Indorama Industry has promised to invest $55 million in the next 4 years for enterprise pformation, so that the lint processing capacity of the joint venture will reach 20 thousand tons / year by 2013, and the annual export volume of the product will reach about 30 million US dollars.
Since 2006, the Ukrainian government has begun selling to foreign companies.
Suspend or bankrupt
By the end of 2009, textile enterprises in China, India, Korea and other countries had bought up textile enterprises amounting to US $280 million.
(Ministry of Commerce)
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