UzPromStroyBank will provide a preferential loan for setting up of KOMTEKS PPOSH in Kagan district (Bukhara province) which will specialize in processing of sheep wool.
According to the bank, the new innovative cluster will purchase sheep's wool from the population and will process wool and produce yarn and blanket, with part of the products to be exported.
The project will be implemented in three phases. UzPromStroyBank will provide 12 billion soums in a loan for this project from the credit line of the Chinese development bank.
The project provides for the 1500 tons of sheep wool, 1500 tons of pure raw materials, more than 400 tons of ready-made yarn, 100,000 pieces of soft blankets, 1,000 tons of wool fibers to be exported.