Cabinet of Ministers of Uzbekistan held the session on 21 January 2011 to discuss social-economic development in 2010 and important priorities of economic programme in 2011.

Uzbek president said that these projects will be implemented within the programme on priorities of industrial development of Uzbekistan for 2011-2015.

Uzbek leader Islam Karimov said that Uzbek government put a task to increase production of industrial goods by at least 60% in next five years and achieve growth of its share in GDP from 24% in 2010 to 28% in 2015.

It is expected that machinery and automobile industry, chemical industry, food industry, pharmaceuticals sector, construction materials sector and others will increase over twice during this period.

President underlined that textile industry should focus on modern textile complexes with complete production cycle of export-oriented products. This will help to increase internal cotton-fiber processing twice, production of cotton yarn - 2.6 times, ready knitwork and ready-made garments - three times and export of textile goods - twice.

Islam Karimov said that it is necessary to pay attention to implementation of projects in high technology sector such as production of synthetic liquid fuel, construction of modern gas-chemical complexes on production of polyethylene and polypropylene goods, compressed and liquid gas, etc.

Uzbek leader ordered the government to create working groups on each project to track its implementation and commissioning works.

President Islam Karimov stated that the modernization and re-equipment, fast update of leading industries of economy will remain priority of Uzbekistan.

He said that over 36.4% of all investments into economy in 2011 will be directed to implementation of programmes on modernization and re-equipment of industry. Spending to purchase modern equipment will make up at least 46% of all capital investments.

President said that there is task to complete construction and launch 25 large enterprises. Among them are joint venture with General Motors on production of engines with capacity of 225,000 units a year, textile enterprise in Qoqand with Singapore’s Indorama, capacities on production of Mercedes Benz buses, etc.