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Uzbekistan Implements 59 Projects to Develop the Leather and Footwear Industry

As part of the program for the development of the leather and footwear industry, designed for 2016-2020, Uzbekistan enterprises will produce 29.15 thousand pairs of shoes, 2.99 billion square dm of crafted leather and leather goods in the amount of $35.6 million. That will be done in the short term?

In the reporting period it is planned to implement 59 projects totaling $76.5 million. In particular, Uzbekistan plans to implement 37 projects to build new capacity in the amount of $59.6 million and 22 projects on modernization and reconstruction of existing facilities in the amount of $16.9 million.

According to the Ministry of Finance, the project on modernization of MM Goodwill LLC has been implemented this year. Investments worth $1 million were absorbed within the project. The project helped to create additional processing capacity of 3 million square dm of rawhide.

In 2017, Uzbekistan plans to implement 11 investment projects and absorb $6.7 million investment.

These projects will help to organize the production of goods in demand in the foreign markets of finished leather and footwear with high added value.
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