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ECONOMIC IMPACT OF TEXTILE INDUSTRY ENTERPRISES
Ikramova Nodira Burkhon kizi
International School of Finance, Technology and Science
Teaching assistant
https://doi.org/10.5281/zenodo.15601760
Abstract.
In the context of increasing global integration and intensified
competition among national economic sectors, Uzbekistan's textile industry has
emerged as one of the fastest-growing and strategically important sectors with
significant export potential. The textile sector plays a vital role in the country’s
gross domestic product (GDP), trade balance, and employment indicators.
Therefore, enhancing the competitiveness of this sector has become a critical
issue to ensure its stable and efficient functioning.
Keywords
: competitiveness, textile industry, GDP, employment
Competitiveness
refers to an enterprise's ability to successfully sell its
products in domestic and international markets based on factors such as quality,
price, and service level. Ensuring the competitiveness of textile industry
enterprises requires the integration of economic, institutional, and innovative
mechanisms. In particular, there is a growing need to increase export-oriented
production and align products with international standards.
As part of the country's ongoing industrial policy, a wide range of measures
are being implemented to develop the textile sector. Enterprises are being
incentivized through investment projects, infrastructure development, tax
benefits, and export support programs. However, to further enhance the positive
outcomes of these reforms, there is an increasing demand for economic
forecasting and strategic planning.
Forecasting enables the anticipation of future production indicators, export
capacity, market demand trends, and competitor actions. This, in turn, allows
enterprises to respond swiftly and effectively to uncertainties in the market
environment. Forecasting based on statistical and econometric modeling
methods is particularly valuable for practical application.
Scientific research has shown that through economic mechanisms such as
pricing strategies, cost optimization, product diversification, and technological
modernization, enterprises can improve their profitability and efficiency.
Creating an integrated system of these mechanisms is also crucial for increasing
competitiveness. Uzbekistan’s textile products are mainly exported to countries
such as Russia, China, Turkey, the European Union, and CIS nations. Therefore,
developing globally competitive products, improving logistics systems, and
diversifying supply chains are among the key strategic directions. These
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priorities necessitate a deep analysis of the economic foundations of
competitiveness.
Today, global trends such as the “green economy,” “sustainable production,”
and “digital transformation” are also influencing the textile industry. These
developments are closely linked to the technological readiness of enterprises,
production efficiency, and export potential. Consequently, forecasting models
must take these factors into account. This section aims to analyze the current
state of Uzbekistan's textile industry, identify existing problems, evaluate future
opportunities, and develop a competitive economic model. It is especially
important to define innovation-driven strategies that can secure competitive
advantages for large and medium-sized enterprises.
The economic mechanisms developed based on forecasting will serve as an
essential source of information for decision-makers in industry governance,
investors, and manufacturers. As a result, enterprises will be able to allocate
internal resources more effectively and minimize external risks.
In conclusion
, enhancing the competitiveness of the textile industry today
is not only an economic necessity but also one of the key factors in ensuring
national economic security, job creation, increased export revenues, and
sustainable development. Therefore, the scientific and practical relevance of this
topic is high, and the forecasts and recommendations developed will contribute
to the strategic interests of Uzbekistan’s economy.
References:
1. Abdurakhmonov, I., & Rakhmatov, B. (2021). Economic competitiveness of
Uzbekistan’s textile industry: Institutional challenges and modernization
strategies. Journal of Central Asian Studies, 18(2), 45–62.
2. Asian Development Bank (ADB). (2023). Uzbekistan’s industrial policy reform
and sector diversification. [https://www.adb.org](https://www.adb.org)
3. Deloitte CIS. (2023). Sustainable supply chains in Central Asia: Case of
Uzbekistan textile. Deloitte Insights.
4. Organisation for Economic Co-operation and Development (OECD). (2022).
Enhancing export competitiveness in Central Asia: The case of Uzbekistan’s
textile and apparel sector. [https://www.oecd.org](https://www.oecd.org)
5. Porter, M. E. (1990). The competitive advantage of nations. Free Press.
6. State Statistics Committee of the Republic of Uzbekistan. (n.d.). Official
statistics portal. [https://stat.uz](https://stat.uz)
7. United Nations Industrial Development Organization (UNIDO). (2022).
Industrial development report 2022: Industrializing in the digital age.
[https://www.unido.org](https://www.unido.org)
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8. Uztextileprom Association. (2020–2024). Annual performance reports and
strategic development plans. [https://uztextile.uz](https://uztextile.uz)
