90% Of Turkmenistan's Large Textile Enterprises Are Used For Export.

　　 Cotton based development Textile industry

According to a recent report released by textile minister Saparmurat batyrov, a textile industry in Turkmenistan, Turkmenistan is a traditional cotton country. The development of cotton has built the foundation of the textile industry in the country, with annual sales volume of 400 million US dollars. Since its independence in 1991, Turkmenistan has spent several US $1 billion 600 million to set up several textile factories to increase the processing rate of cotton fiber to 51%. In 2013, Turkmenistan had 74 textile enterprises, including 32 textile mills, cotton mills and weaving mills, 17 garment factories, 7 silk factories and 2 wool processing plants. At present, the annual production capacity of Turkmenistan yarn is 177 thousand tons, cotton cloth 186 million square meters, knitted fabric 11 thousand tons, wool fabric 7200 tons, knitting and garment 80 million pieces. The world famous companies Sara Lee, JC Penney, WAL-MART, Puma and so on all imported garments from Turkmenistan. In the future, Turkmenistan will continuously increase the output of the textile industry and tap the export potential of textiles.

　　 propose cotton Development plan to increase output

According to the Ministry of agriculture of Turkmenistan, President of Turkmenistan proposed a cotton development plan in the 2012~2016 social and economic development plan. In order to increase cotton production in the country, land, water, agricultural machinery and fertilizer materials need to be used rationally. In 2014, the cotton planting area in Turkmenistan was 545 thousand hectares, and the output of cotton in 2014 is expected to reach 1 million 50 thousand tons. According to the plan, cotton seeds will be allocated according to local soil and climatic conditions. The turkmenobahyzmat Association of Turkmenistan, based on the Turkmenistan cotton development plan, provides technical services for cotton farmers to choose from cotton planting land to cotton planting, cultivation and harvesting. The Ministry of water resources and economy also endeavours to provide adequate water resources for cotton irrigation.

　　 modify Investment Law attracts textile investment

Turkmenistan has 550 thousand hectares of cotton growing area, and cotton production is abundant. Most of the cotton is used to support the development of domestic textile industry. In recent years, the development of the textile industry is generally good. Turkmen President Gurbanguly Berdimuhamedov said that in 2013, the situation of currency devaluation and exchange rate adjustment appeared in Turkmenistan. In order to realize the integration of industries including textile industry and make it develop towards modernization and hi-tech, the state needed to adjust the foreign investment bill to attract more and more foreign investors to enter cotton and textile industry. The amendments to the foreign investment law include the introduction of market mechanisms, the adjustment of Taxation and the relaxation of restrictions on foreign investment in the area of regulation and commercial credit.

　　 Establishing new ports to promote cotton export

Cotton is a major crop in Turkmenistan and one of the main exports of the country, and exports are second only to energy. In 2012, the output of cotton in Turkmenistan was about 1 million 100 thousand tons. Turkmenistan announced last year that it will build a new port in the Caspian Sea, which will cost 2 billion US dollars and is expected to be completed in 4 years. According to official statistics, the freight turnover of Turkmenistan's new port will increase from 10 million tons to 25 million tons, which will effectively promote the export of cotton and textiles in that country.