Matkarimov Feruz Bekturdiyevich.
PhD student of Urgench state university, Faculty of “Socio-Economic Sciences”, Matkarimov Feruz Bekturdiyevich.
email: [email protected]
orcid: 0000-0002-2325-8173
JEL Classification: F44
Abstract. The textile industry in Uzbekistan is one of the most important sectors of the national economy. This network is instrumental in creating high value-added products through the processing of cotton raw materials, creating jobs, promoting exports and increasing budget revenues. The textile industry is considered a source of income for many rural residents in Uzbekistan, and also allows you to fully use the resources of raw materials. The textile industry also plays an important role in modernizing the industry through the development of diversification processes in economic growth, the production of competitive products for domestic and foreign markets, the introduction of innovative technologies. In addition, the export of textiles to foreign markets contributes to the increase of the country’s foreign exchange reserves. Therefore, the textile industry has a special place in the sustainable economic development of Uzbekistan and the formation of a high value added in the national economy. The textile industry has a multifaceted impact on economic development, providing inter-sectoral cooperation in the national economy of Uzbekistan with various industries. The development of cotton cultivation and its processing in the country allows domestic manufacturers to deliver high-quality raw materials at affordable prices, which serves to reduce the cost of products, increase their competitiveness. At the same time, the textile industry contributes to the development of small and medium-sized businesses related to production, increasing the standard of living of the population by increasing jobs. The export potential of the textile industry is also significant and is one of the main sources of foreign exchange revenues for the economy of Uzbekistan. The growing demand for Uzbek textiles in the world market ensures the recognition of national products in the international arena. It is also working on priorities such as expanding the range of products and saving energy and resources by introducing modern technologies and innovations, which will serve to ensure the sustainable development of the national industry and its international competitiveness. In this respect, the textile industry is important not only for economic growth, but also for social stability, employment and regional development. This article analyzes the textile industry of our country. The importance of the textile industry in the economic and social life of the country, development opportunities, opportunities in the textile industry, the importance of the textile date in the country’s economy have been studied and analyzed. This article has been studied in analysis industry in our country. The calculation of the textile industry in the country’s economic and social life, the capacity of the development, the textile industry, the importance of textiles in the economy is analyzed.
Keywords. Textile, Industry, Manufacturing, Export, Import, Economics, Light Industry, Knitwear