Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Saturday January 23 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

China to invest $ 300 million in cotton processing in Tajikistan

7 March 2019 14:20 (UTC+04:00)
3 216

By Abdul Kerimkhanov

Strengthening and developing bilateral relations of friendship and cooperation with China is one of the priorities of Tajikistan’s foreign policy. Meanwhile, China is also very interested in the Central Asian region as a whole.

China State Machinery Industry Construction Group Inc will help to raise $ 300 million for the development of the textile industry in Tajikistan.

A delegation of Chinese businessmen under the leadership of the trade manager of China Machinery Industry Construction Group Inc Hu Sina met with Nematullo Hikmatullozoda, Minister of Economic Development and Trade of Tajikistan on March 5.

At the meeting, it was noted that the Chinese state corporation will assist the “Shino Tajikistan Kulyab Textile Industry Park” enterprise in attracting foreign direct investment for processing cotton fiber.

This enterprise is located on the territory of the newly formed Kulyab free economic zone, the press service of the Ministry of Economic Development and Trade reports.

It is expected that investment in this enterprise will be carried out in two stages. At the first stage, financing will be $ 130 million, and at the second - $ 170 million.

It is planned to create 5,500 jobs at the enterprise, the annual processing of cotton will be 35,000 tons.

The resolution on the establishment of the Kulyab FEZ was adopted by the Tajik Government at the end of February 2019.

Since 2008, four FEZs - “Sogd”, “Dangara”, “Pyanj” and “Ishkashim” have been operating in the republic.

Founded in September 1953, China Machinery Industry Construction Group Inc is the largest construction state corporation in China.

Until the middle of the 2000s, cotton was considered one of the two main export goods of Tajikistan (along with aluminum). In the 1980s, about 800,000 tons of cotton were harvested annually in Soviet Tajikistan.

At the same time, most of the cotton fiber produced in the country is exported as raw materials. The processing of these products within the country is insignificant.

Diplomatic relations between Tajikistan and China were established on January 4, 1992.

It was previously announced that it is planned to increase the foreign trade turnover of Tajikistan and China to $3 billion by 2020.

---

Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94 

Follow us on Twitter @AzerNewsAz

  • #COTTON
  • #TAJIKISTAN
  • #CHINA

Related News

Azerbaijani Ministry of Agriculture holds meeting on results of cotton growing dev't <span class="color_red">[PHOTO]</span>

Azerbaijani Ministry of Agriculture holds meeting on results of cotton growing dev't [PHOTO]

20 January 16:42
China gives its first COVID-19 vaccine approval to Sinopharm

China gives its first COVID-19 vaccine approval to Sinopharm

31 December 2020 15:41
Second Turkish freight train exporting goods to China reaches Baku port

Second Turkish freight train exporting goods to China reaches Baku port

26 December 2020 17:47
Baku port talks current stage of transportation of Turkish cargo to China <span class="color_red">[PHOTO]</span>

Baku port talks current stage of transportation of Turkish cargo to China [PHOTO]

10 December 2020 17:03
China, Kyrgyzstan to boost pragmatic cooperation

China, Kyrgyzstan to boost pragmatic cooperation

26 November 2020 10:59
Azerbaijan, Tajikistan eye cultural cooperation <span class="color_red">[PHOTO]</span>

Azerbaijan, Tajikistan eye cultural cooperation [PHOTO]

6 November 2020 14:29
Tajikistan deeply concerned over escalation of conflict in Nagorno-Karabakh

Tajikistan deeply concerned over escalation of conflict in Nagorno-Karabakh

1 October 2020 16:50
Azerbaijani president congratulates China's counterpart

Azerbaijani president congratulates China's counterpart

26 September 2020 18:00
Shanghai-based renewable energy company eyes to expand its business in Azerbaijan

Shanghai-based renewable energy company eyes to expand its business in Azerbaijan

17 September 2020 08:44
China, Kazakhstan agree to further cooperation in post-epidemic era

China, Kazakhstan agree to further cooperation in post-epidemic era

14 September 2020 17:16
  • Latest
  • Popular
22 January 19:50 • Azercell is always leading with its exemplary service quality
22 January 19:38 • Azerbaijan shows footage from Yukhari Abdurrakhmanli village of Fuzuli [PHOTO/VIDEO]
22 January 19:27 • Demand for notes of Central Bank of Azerbaijan exceeds supply
22 January 19:15 • Azerbaijan developing employment programs for future residents of liberated lands [PHOTO]
22 January 19:00 • Changeable cloudy expected on Saturday
22 January 18:50 • Azerbaijani gymnasts to take part in European Championships in Switzerland
22 January 18:39 • Tutoring activity may be resumed in Azerbaijan soon - minister
22 January 18:26 • Education minister talks epidemiological situation in Azerbaijan
22 January 18:15 • Russia bans import of tomatoes from more Azerbaijani producers
22 January 18:00 • Azerbaijan's PASHA Bank talks government initiatives for restoring liberated territories
22 January 17:53 • All preventive measures to be taken in connection with COVID-19 at Azerbaijani schools
22 January 17:45 • Minister talks possible date of kindergartens opening in Azerbaijan
22 January 17:38 • Azerbaijan-Turkmenistan co-op development serves economic well-being of region - MP
22 January 17:27 • Azerbaijan shows footage from Gargabazar village of Fuzuli district [PHOTO/VIDEO]
22 January 17:26 • Azerbaijani President declared Nagorno-Karabakh status issue as left in past - MFA's comment on European Parliament's resolution
22 January 17:16 • SOCAR Aviation starts supplying fuel to Izmir's airport
22 January 17:10 • Armenian opposition rallying in front of parliament building
22 January 17:04 • Azerbaijan establishes Agency for Development of Economic Zones
22 January 17:03 • UK can help Azerbaijan to demine liberated lands - ambassador
22 January 17:00 • Azerbaijan launches criminal case against two foreigners fighting in Karabakh war
22 January 12:50 • President Aliyev: Azerbaijani-Turkmen joint energy accord historic [UPDATE]
22 January 17:00 • Azerbaijan launches criminal case against two foreigners fighting in Karabakh war
22 January 19:50 • Azercell is always leading with its exemplary service quality
22 January 19:27 • Demand for notes of Central Bank of Azerbaijan exceeds supply
22 January 14:33 • Results of Second Karabakh War hard to accept for Armenia, says Russian expert
22 January 19:38 • Azerbaijan shows footage from Yukhari Abdurrakhmanli village of Fuzuli [PHOTO/VIDEO]
22 January 15:47 • Baku Slavic University, Russian Cultural Center to expand ties [PHOTO]
22 January 13:00 • ADY Express starts transport of cargo in covered wagons via BTK
22 January 13:17 • Mine Action Agency specialist wounded in mine blast in Jabrayil
22 January 16:17 • Education in Azerbaijani schools to begin in stages from February 1
22 January 10:59 • Investments in Azerbaijan’s oil, gas sector up in 2020
22 January 19:15 • Azerbaijan developing employment programs for future residents of liberated lands [PHOTO]
22 January 11:38 • Pashinyan's confession on Shusha destroys absurd statements of Armenian officials
22 January 19:00 • Changeable cloudy expected on Saturday
22 January 12:35 • Azerbaijani MP talks rational bases for positive outlook on country's economy for 2021
22 January 17:26 • Azerbaijani President declared Nagorno-Karabakh status issue as left in past - MFA's comment on European Parliament's resolution
22 January 12:17 • "Diary of a Madman" to be staged in Baku
22 January 12:00 • Azerbaijani, French FMs mull Karabakh peace deal, ties
22 January 16:35 • Prices for Azerbaijani oil slightly decrease
22 January 10:38 • Memory of Black January martyrs commemorated [PHOTO/VIDEO]
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved