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Turkmen business Ц a driving force of innovative development of the country


The large-scale forum showcasing the achievements and opportunities of the private sector of Turkmen economy was opened at the Sergi Kosgi Exhibition Centre in Ashgabat. The exhibition that marks the 6th anniversary of the Union of Industrialists and Entrepreneurs of Turkmenistan presents the expertise, progress and potential of Turkmen entrepreneurs.

The following figures testify to the rapid growth in entrepreneurial activity in Turkmenistan: the volume of construction works performed by private construction companies raised 300 (!) times, the volume of agricultural and food production Ч 9 times and industrial production Ч 8 times in 2013 as compared with 2008. 54,000 new jobs at private companies have been created for six years since the establishment of the Union of Industrialists and Entrepreneurs; the employment rate has risen over 8 times as compared with 2008.

In 2013, the production growth rate at the industrial enterprises of the Union of Industrialists and Entrepreneurs made over 140 per cent, the construction growth rate Ч 205 per cent. Agricultural and food production doubled as compared with 2012. Total goods turnover increased by 2.4 times; the volume of services rendered to the population increased by 251 per cent.

The number of participants in the large-scale exposition of the achievements and opportunities of Turkmen business organized by the Union of Industrialists and Entrepreneurs jointly with the Chamber of Commerce and Industry has significantly increased this year as compared with the previous events. More than 200 major private enterprises, individual enterprises and manufacturers, including about 35 debutants, are presenting their expositions.

Many exhibits have the special markings: Уnew productФ, Уimport substitute productФ or Уinnovative technologyФ. These markings can be seen in nearly all the exhibition sections, including agriculture, processing industry, food industry, construction and industrial production, chemical industry, light industry, including textile and carpet industries, etc.

It is difficult to cover the whole spectrum of goods and services offered by Turkmen entrepreneurs specializing in the economic sectors, such as trade, livestock farming, furniture manufacturing, building materials manufacturing, food manufacturing, household goods manufacturing as well as education, law, printing and design and folk crafts. Each of these sections presents a wide range of specializations on the one hand and the trend towards the universalization of a number of successful companies and consolidation of different kinds of activities under one logo on the other. All this illustrates the improvement of the structural quality of Turkmen business, the prerequisites for the growth in the small and medium forms of large companies and corporations.

Achieving the objectives of expanding production of import substitute products and saturating the domestic market, Turkmen business seeks to promote foreign trade relations as a competitive and dependable partner. Many Turkmen manufacturers, having taken up leading positions on the domestic market, are ready now to export their products to other countries and are in a search for new markets.

A conference focusing on the current issues in entrepreneurship was held in the conference hall of the office building of the Union of Industrialists and Entrepreneurs in the afternoon. The main agenda topics included the possibilities to apply advanced technology and know-how at private enterprises, enhance the competitiveness of their goods and services and increase the attractiveness of domestic products for consumers. Conference participants conducted a comprehensive analysis of a wide range of issues related to entrepreneurship development in Turkmenistan.

After discussing the work done last year and the achievements gained, the participants dwelt upon the implementation of the priority tasks to develop and modernize production facilities, substitute imported products with domestic goods and promote employment opportunities for the population set to the Union of Industrialists and Entrepreneurs.

The exhibition will continue its work tomorrow.

State News Agency of Turkmenistan (TDH)

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