Cotton textile industry

¹ Samarkand Institute of Economics and Service, Department «Accounting and audit in other industries», 9 Amir Temur St, 140100 Samarkand, Uzbekistan
² Dmytro Motornyi Tavria State Agrotechnological University, Department of Entrepreneurship, Trade and Stock Exchanges, Bohdana Khmelnytskoho Ave, 18, 72312 Melitopol, Ukraine
³ Institute of International Education for Study and Research of V.N. Karazin Kharkiv National University, Kharkiv, Ukraine
⁴ Samarkand institute of Economics and service, 9 Amir Temur St, Samarkand 140100, Uzbekistan
⁵ Department of “Accounting in other sectors and Auditing”, Samarkand institute of Economics and service.

^* Corresponding author: tov.kalliston.dnipro@gmail.com

Abstract

The cotton and textile industry is one of the most important sectors of the domestic economy, acting as a locomotive for the development of regions, creating production facilities in rural areas, providing employment for the population, as well as increasing exports. Therefore, at the initiative of the head of our state, at the new stage of reforms, the cotton-textile front was radically updated and a cluster system was introduced. It should be noted that this innovative method, combining agriculture and industry, quickly justified itself. As the production of important industrial raw materials increased and their quality improved, complete processing of the fiber within the country was achieved. At the same time, 134 clusters operating in the system of the Association of Cotton and Textile Clusters of Uzbekistan became the main force. Currently, the clusters are actively engaged in the cultivation, harvesting, primary and deep processing of raw cotton, and the export of cotton.