Growth Rate of Turkmen Industry Speeds Up

Maral Handovletova
Growth Rate of Turkmen Industry Speeds Up
In January-March, Turkmenistan’s enterprises increased the production of products, which are in high demand in the domestic and foreign markets.

As a result of the long-term state programs adopted in Turkmenistan, the pace of growth of domestic industry is continuously accelerating, which contributes to the growth of the well-being of the population and the growth of the national economy.

In January-March, the country's enterprises increased the production of competitive products, which are in high demand in the domestic and foreign markets.

During the period, the production of petroleum coke in the country increased by 122.7%, lubricants – by 10.9%, cement – by 25.6%, cotton yarn – by 19.7%, plastic and fiberglass pipes – by 155%, according to the data of State Statistics Committee of Turkmenistan. The production of commercial natural gas increased by 13%, flat glass – by 5.3%.

By increasing the output of these industrial products, Turkmenistan continues to increase its pace of economic growth. All this became possible due to the implementation of large infrastructure projects such as a Kiyanly gas chemical complex in Balkan velayat, a plant for the production of gasoline from natural gas in the Ahal velayat.

The construction of these facilities was carried out in accordance with the Program of Socio-Economic Development of Turkmenistan for 2020-2025. This five-year plan contributes to the strengthening of the well-being of the Turkmen people, the creation and development of competitive industrial enterprises.

In the long term, Turkmenistan will strengthen its position as a manufacturer of high quality goods with high added value, which are produced from local raw materials. To this end, the state programs provide for the deepening of processing of valuable natural resources, abundant in Turkmenistan.

Maral Handovletova is a student of the Civil Service Academy under the President of Turkmenistan. This article was originally published in Orient news outlet on April 19, 2021.