Textile industry: Key segment of economy

19 June 2021

Being one of the leading and dynamically developing industries, the textile industry of Turkmenistan plays an important role in the diversification of the Turkmen economy. Its growth is eloquently indicated by the annual increase in production volumes. The industry plays a significant role in solving state problems and meets the vital interests of all regions of the country. The Turkmen state sees full-scale and, most importantly, comprehensive processing of raw materials as one of its strategic tasks, which in turn puts forward a number of requirements for the current development of the country’s textile industry, a promising branch of the national economy.

The policy of the esteemed President of Turkmenistan on industrialisation has made it possible to increase the competitiveness of our country at the international level, to attract new finance to large industrial projects. The further integration of the Turkmen economy into the world one is strengthening. The national leader pays great attention to the development of logistics and the country’s transit potential, which will allow the country to diversify its economy, to find new export routes and to enter new stages of industrialisation.

Department of Study of Commodity Circulation in Internal and External Markets, Ministry of Trade and Foreign Economic Relations of Turkmenistan