By Pasha Holding
BAKU, Azerbaijan, July 3. On July 3, Ilham
Aliyev, President of the Republic of Azerbaijan, and Shavkat
Mirziyoyev, President of the Republic of Uzbekistan, visited the
Businesstex JV sewing factory, a joint Azerbaijani-Uzbek enterprise
in Khankendi, to review its operations, Trend reports.
The factory produces 150 types of men鈥檚 clothing, 300 types of
women鈥檚 clothing, and 150 types of children鈥檚 clothing using
various fabrics. Plans are in place to produce men鈥檚 shirts,
special-purpose garments, and military uniforms in the future.
Currently, the factory manufactures 2,500 units of various knitwear
products daily, with plans to increase this to 10,000 units. Eighty
percent of the products are intended for export to various
countries. In the initial phase of the project, 250 professionally
trained individuals have been employed, with a total of 500 jobs
expected to be created. The factory primarily employs residents
returning to territories liberated from occupation and those from
surrounding districts.
The initial investment value of the project is 6 million manat,
with joint industrial cooperation established for raw material
procurement. The factory operates using raw materials from
Azerbaijan, T眉rkiye, Uzbekistan, and China. The Azerbaijan Business
Development Fund (ABDF), under the Ministry of Economy, provided a
concessional loan of 3.5 million manat for the factory鈥檚
establishment, along with approximately 640,000 manat in exemptions
from VAT and customs duties. The factory鈥檚 operations will
significantly contribute to the growth of non-oil exports in the
The Khankendi sewing factory was established in line with the
directives of the heads of state of Azerbaijan and Uzbekistan to
deepen economic and investment cooperation. This joint
Azerbaijani-Uzbek enterprise serves as a symbol of successful
collaboration between the two countries. The project not only
creates new opportunities for the development of light industry in
Azerbaijan but also contributes to strengthening the traditional
friendship and economic partnership between Azerbaijan and
Uzbekistan.