Preferential loan for textile clusters to be extended until April 2025

As Spot reported earlier, Shavkat Mirziyoyev held a meeting on the topic of interim economic results and priority tasks for the year.

In the first half of the year, exports of fruit and vegetable and food products amounted to $910 million. The President noted the importance of a sharp increase in exports of processed fruits and vegetables. Work has begun on 382 projects worth 9 trillion soums to increase storage, sorting and processing capacities.

By the end of this year, it is planned to build 10 agro-logistics centers with a total capacity of 57 thousand tons and refrigerated warehouses with a capacity of 230 thousand tons. As a result, the capacity of storage facilities for fruit and vegetable products will be increased to 63%.

The head of state stressed the need to create new seed varieties to increase exports. The Ministry of Agriculture was instructed to review the seed production system based on the experience of China and Turkey and expand the gene bank of crops. It is planned to allocate $24 million for these works.

They will also develop a three-year program for the creation of industrial gardens and vineyards on 75 thousand hectares of inefficient gardens and 100 thousand hectares of land. For such gardens, a preferential loan will be allocated through the Agricultural Fund.

Under the new system, governors will submit orders for the creation of gardens, develop projects and lease them to businesses for 30 years.

In addition, the term of the preferential loan provided to cotton-textile clusters will be extended until April 1, 2025. This year, the preferential loan for the purchase of cotton will be allocated to the spinning enterprises of the clusters.

The President ordered a review of the status of economically inefficient clusters with high unfulfilled financial obligations.

Clusters were allowed to establish cotton processing plants on condition that they pay 35% of the cost of the acquired property.

Since the beginning of the year, 1.1 trillion soums have been allocated to finance the production of agricultural machinery. To increase productivity, the task has been set to bring the level of mechanization of cotton and fruit and vegetable growing to 50%. By the end of the year, farmers and dehkans will receive another 6.5 thousand units of machinery.