Tajikistan plans to increase volume of mechanical engineering production 2.4 times by 2025
8 months ago Web Desk 0
Tajik government last month endorsed the Engineering Industry Development Program designed for 2020-2025. The program, in particular, notes that a total volume of mechanical engineering production will increase 2.4 times over the reporting period.
The program is seen as a guidance document for the process of transition of the country’s economy from the agrarian-industrial to industrial-agrarian economy by 2025.
To implement this program the Tajik authorities intend to attract domestic and external investments.
In 2018-2019, Tajikistan reportedly attracted 65 million U.S. dollars to expand the fixed assets of enterprises of the machine-building industry.
The structure of Tajikistan’s includes metal processing and production of metal products, primary processing of aluminum and production of aluminum products, production of various machinery and agricultural machines, bus assembly, manufacture of electrical and electronic equipment, production of spare parts, and small enterprises processing scrap and waste of ferrous and non-ferrous metals.
In 2019, enterprises of the machine-building industry produced a total of more than 2 billion somoni worth of goods. Last year, the share of the machine-building industry in the country’ industrial sector was 7.4 percent.
As of the beginning of this year, 295 enterprises of the machine-building industry have operated in the country. The majority of them are engaged in metal processing and production of metal goods and 25 percent of them produce various machinery.
The share of the government in a total number of enterprises of the machine-building industry is 21 percent.
Source: Asia Plus