The Ministry of Economic Development reported on the results of the president's meeting with the textile industry.
The President also instructed to develop a support program for the sewing industry. Currently, the timelines for its implementation are being discussed, including the possibility of completion by 2030. The program includes the creation of industrial zones, technopolises, and comprehensive support for companies operating in this field.
In addition, the program will include measures to find new sales markets, attract clients, and implement modern technologies. Sewing enterprises will be able to take advantage of support through the Kyrgyz Export Center to enter international markets. Umetaliev noted that the industry has the potential not only for recovery but also for achieving a new level of development.
He also emphasized the need for companies to operate in an open manner. "Shadow" operations will no longer be tolerated, and all enterprises must have a complete set of necessary documents. The program also provides for tax benefits, and preferential loans will only be available to those entrepreneurs who conduct transparent business.
For 2026, subsidies of 300 million soms are planned for one year. This year, the credit portfolio amounts to about 3.7 billion soms, and financing is also planned for the future. The program is designed for five years.
It is expected that the implementation of these measures will lead to an increase in investments and a greater contribution of small and medium-sized businesses to the country's GDP, which currently stands at about 50% and is expected to grow in the future.
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