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RKDF allocates $7.5 million for development of textile factory

Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov got acquainted with the production processes at Textile Trans textile factory and Interglass sheet glass plant. Press service of the Cabinet of Ministers reports.

According to it, the Cabinet will support industrial enterprises in order to increase production volumes and create new jobs for the population.

«The Development Bank that is being created will finance large industrial enterprises. We are aimed at industrialization of the national economy with introduction of new methods in economic management,» Akylbek Japarov said.

A loan agreement was signed between the Russian-Kyrgyz Development Fund and Textile Trans Limited Liability Company on the allocation of a loan in the amount of $7.5 million to implement the second stage of the factory’s development, which provides for a 2.5-fold increase in productivity and creation of 200 additional jobs. The Textile Trans group includes four factories.

Interglass glass production plant is the largest manufacturer of float glass in Central Asia, the plant’s products meet international standards.

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