Tajikistan’s lower chamber (Majlisi Namoyandgon) of parliament has ratified a number of investment agreements on establishing and introducing into operation new industrial production facilities in the country, according to the Majlisi Namoyandagon press center.
A regular sitting of the fifth session of the Majlisi Namoyandagon of the sixth convocation, presided over by its head, Mahmadtoir Zokirzoda, took place January 10.
The Majlisi Namoyandagon press center says MPs, in particular, ratified an agreement between the Government of Tajikistan and Arvis Limited Liability Company (LLC) on establishing and introducing into operation enterprises on processing cotton into manufactured goods in Tajikistan.
This document was reportedly signed by the parties on December 8, 2023.
The project, being implemented at investor’s expense, will be implemented in two stages without additional costs from the state budget.
The project is reportedly designed for 12 years and implementation of the second stage requires up to 300 million somonis.
The project is expected to create more than 2,500 new jobs that will be significant contribution to the economic development of the country, according to the Majlisi Namoyandgon press center.
It is to be noted that previously, by government decree transport means, technologies and equipment (a total of about 200 items) delivered by Arvis LLC to the country within the framework of this agreement were exempted from customs duties.
Arvis LLC was introduced into operation in Dushanbe in late October last year.
Textile World notes that Arvis LLC is a vertically integrated textile company specializing in the production of terry products. The company reportedly covers the textile market in Tajikistan with the objective to gradually expand to foreign markets as well.
The company has joined the International Textile Manufacturers Federation (ITMF) as corporate member.
Tajikistan’s textile industry is currently focused on cotton textile products and the CIS-countries. By joining ITMF they are exposed to other fibers and other international markets.
The Majlisi Namoyandagon on Wednesday also ratified an investment agreement between the Government of Tajikistan and Closed Joint-Stock Company (CJSC) Santailo on constructing and introducing into operation an enterprise for the production of clay and ceramic products, concrete and cement products and lime.
A total cost of the project that will be implemented in two stages is 40 million US dollars.
An official groundbreaking ceremony for construction of this enterprise in Dushanbe took place in late August last year.
