Azerbaijani and Uzbek Leaders Boost Textile Industry Cooperation
In a notable step toward economic and industrial partnership, the Presidents of Azerbaijan and Uzbekistan recently visited the Businesstex JV sewing factory in Khankendi. This joint venture highlights the growing collaboration between the two countries and focuses on producing a wide range of clothing items.
The factory aims to boost Azerbaijan’s non-oil export sector. It also creates jobs for people living in liberated territories and nearby districts.
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Overview of the Businesstex JV Sewing Factory
The Businesstex JV sewing factory stands as a joint Azerbaijani-Uzbek project in Khankendi. Here, they produce a surprisingly broad selection of garments, including:
- 150 types of men’s clothing
- 300 types of women’s clothing
- 150 types of children’s clothing
They use fabrics from several countries to ensure both quality and variety. Right now, the factory manufactures about 2,500 pieces of knitwear every day.
Management hopes to ramp up daily production to 10,000 units soon. That’s a pretty ambitious target, but not out of reach given their momentum.
Future Production Plans
The factory has its sights set on expanding its product line. Plans include:
- Men’s shirts
- Special-purpose garments
- Military uniforms
If these plans materialize, the factory could play an even bigger role in the region’s textile industry.
Economic Impact and Employment Opportunities
The Businesstex JV sewing factory isn’t just about industry—it has real socio-economic impact. In its first phase, the factory hired 250 professionally trained people.
They expect to double that number, bringing the total to 500 jobs. Most of these positions are for:
- Residents returning to liberated territories
- Individuals from surrounding districts
By focusing on these groups, the factory helps breathe new life into the region’s economy.
Investment and Financial Support
Investors have put 6 million manat into the project. The Azerbaijan Business Development Fund (ABDF), under the Ministry of Economy, chipped in with a concessional loan of 3.5 million manat for the factory’s setup.
On top of that, the factory received about 640,000 manat in VAT and customs exemptions. That kind of financial backing really shows how much faith the government has in the project’s potential.
Raw Material Procurement and Export Strategy
The factory sources its raw materials from a mix of countries:
- Azerbaijan
- Türkiye
- Uzbekistan
- China
This diverse approach helps them keep a steady flow of quality materials coming in. It’s a smart way to maintain production standards and avoid supply hiccups.
Export Potential
Right now, about 80% of their products are headed for export. This export-first strategy could make a real dent in Azerbaijan’s non-oil export numbers.
It’s a step toward a more diversified economy, which, honestly, Azerbaijan could use to lessen its reliance on oil.
Significance of the Joint Venture
This factory came about because the Presidents of Azerbaijan and Uzbekistan wanted to deepen economic and investment ties. It’s a real-world example of successful cooperation between the two countries.
Strengthening Traditional Friendship
There’s more to this project than just business. By working together, Azerbaijan and Uzbekistan strengthen their longstanding friendship.
Joint projects like this can only help build a more resilient and mutually beneficial partnership for both nations.
The Businesstex JV sewing factory in Khankendi stands out as a solid example of what happens when strategic investments meet international cooperation. This place isn’t just about sewing—it’s about economic growth and new opportunities.
They’re rolling out a diverse product range. The team has ambitious plans to expand, and you can feel the energy when you visit.
It’s already making a real socio-economic impact in the area. Honestly, it could become a major player in Azerbaijan’s non-oil export sector, which is pretty exciting for anyone watching the region’s economy.
If you want to dig deeper, check out the full article on News.Az.