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The country’s Ministry of Textile Industry assessed the proposals of bidders.

Hilli Yup Economic Entity deals with the design, construction and equipping of a new cotton mill. After the cotton mill is commissioned, 6,000 tons of cotton yarn will be produced annually.

Turkmen President Gurbanguly Berdimuhamedov stressed that the textile industry is one of the priority directions of the processing sector of the Turkmen economy.

"Big investments, made in textile industry, stimulate the growth of production of high-quality cotton products, having a huge demand among foreign consumers," the president said.

Focusing on the importance of building new industrial facilities for the economic development of districts, where new jobs will be created, the president pointed to the need to strengthen control over the work in this direction.

More than one million tons of cotton is grown annually in Turkmenistan, which is the raw material base for the development of the textile industry. Up to 70 percent of the raw materials are processed in the country.

At present, Turkmenistan produces up to 118,000 tons of cotton yarn, 178 million square meters of fabrics, 11,000 tons of knitted fabric, 7,200 tons of terrycloth.

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