Promising Sector of the Economy

28 July 2023
2957

The textile industry, being one of the most dynamically developing sectors of the country’s economy, has a powerful production infrastructure and raw material base. And it is not accidental that in the strategy of the diversification and modernisation of the economy, carried out on the initiative of the esteemed President Serdar Berdimuhamedov, this industry occupies a leading place.

Currently, Turkmenistan is at a stage of stable economic growth and at a qualitatively new phase of socioeconomic development, one of the goals of which is the entry of our country into the world economic community on the terms of a full member. To achieve this goal, the textile industry is one of the most promising sectors of the national economy. It should also be noted that the textile industry of Turkmenistan is the most important diversified and innovatively attractive sector of the economy. If you analyse the priorities of the consumption of the population, then the textile industry is in the second place immediately after food products, which undoubtedly indicates its exceptional importance.

Batyr BERDIYEV,
the Head at the Department, Directorate of the Study of Commodity Circulation in Internal and External Markets, Ministry of Trade and Foreign Economic Relations of Turkmenistan
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