Kazakhstan News Agency, Nur-Sultan, March 4th, Kazakhstan’s Minister of National Economy Dalenov attended a Senate hearing that day to introduce the plan to attract investment in the light industry.
Dalenov said that Kazakhstan’s manufacturing industry has huge potential to attract investment, and for this reason, investment projects aimed at improving the technical level of commodity production and services should be accelerated. From 2020 to 2024, Kazakhstan plans to implement 41 light industry investment projects with a total investment of 52 billion tenge and create 1,300 jobs. Among them, there are 11 textile production projects, with an investment of 8.2 billion tenge, creating 184 jobs; 17 clothing production projects, with an investment of 16 billion tenge, creating 282 jobs; 3 leather production projects, with an investment of 1.5 billion tenge. Ge, creating 12 jobs.
Dalenov pointed out that in the past 10 years, the output value of Kazakhstan’s light industry has actually increased by 50%, clothing output has more than doubled, and leather product output has increased by 40%. In 2019, the output value of Kazakhstan’s light industry was 113 billion tenge, a year-on-year increase of 13.5%, accounting for 0.4% of the total industrial output value. The main light industrial products include textiles (36.6%), clothing (35.2%), leather products (16.2%), and footwear (8.2%). Light industry currently accounts for 0.1% of GDP and provides 0.3% of employment.
