Foreign Direct Investments

Investment proposals on establishment of new leather and fancy manufacturing enterprise in Tashkent city

1. Name of Project:

establishment of new leather and fancy manufacturing enterprise, Tashkent city

2. General information on project initiator:

Association "Uzbekcharmpoyabzali” has been established according to the Decree of the President of the Republic of Uzbekistan No. PD-2552 dated February 23, 2000 "On improvement of management system of leather-shoe branches of economy of the Republic". The Association includes more than 50 enterprises engaged on working-up of leather, as well as manufacturing of footwear and leather goods.

Over the past 3 years, foreign direct investments worth more than 22 million USD have been attracted in total. Including:

2008 - 1 project worth 600 thousand USD

2009 – 2 projects worth 15 million USD

2010 – 2 projects worth 7 million USD

Location: 41 Beruniy str., Tashkent, the Republic of Uzbekistan,

Tel.: (+99871) 230-52-85, tel / fax: (+99871) 230-52-83

e-mail: uzleather@rambler.ru

Responsible: Mr. Mirsaid Zakhidov, Head of foreign economic relations unit.

3. Information on enterprise, on the basis of which planned implementing of the project (in the presence of):

New construction

4. Information about the project:

4.1. Marketing:

Annual production of leather-fancy goods worth 1200 million som per year.

There provided for selling 70% of product in domestic and 30% in foreign markets.  

Markets: Pakistan, Turkey, India, Russia

4.2. Production:

Supply with local raw materials - 60%. The main raw materials are skins of cattle and small cattle, which available in sufficient quantities;

There will be created 25 job places, including 5 - for technical and engineering employees and 20 - for workers.

4.3. Construction, reconstruction or modernization:

Direction of investments - new construction;

There required providing the facility with motorway, water-supply, sewer system, gas and electricity supply.

4.4. Financing:

Estimated cost of project - 1 million USD, including construction costs;

Expected date of putting the facility into operation - November 2013,

Construction time - 12 months.

5. Expected results of the project:

Expected annual proceeds make up 1 200.0 mln.;

Export volume make up 360 thousand USD.

6. State of development and examination of documentation to the project:

Under development.

PASSPORT

of the Investment Proposal on establishment of new leather and     fancy manufacturing enterprise in Tashkent city