X
X

Turkmenistan Eyes More “White Gold” Production

There are many things the Central Asia countries can’t agree on – but water often tops the list. Now Turkmenistan, which generally allies with inflexible Uzbekistan on water issues, is risking Tashkent’s wrath as it seeks to attract foreign investment to expand and modernize its thirsty cotton industry.

Reuters reports that Textile Industry Minister Saparmyrat Batyrov told an investment conference on October 17 that Ashgabat is seeking more than $1 billion to develop new textile plants by 2016. 

Cotton already plays an important role in Turkmenistan’s economy. The country ranks as the world's ninth-largest producer of cotton according to a recent US government estimate.  

To read the full story

Turkmenistan Eyes More “White Gold” Production

1 / 1
X
> <