Ministry of Agriculture's Cashmere Program launches

The American Chamber of Commerce in Mongolia

2018-03-12 11:30 GMT+8

For the launch of the Cashmere Program, Minister of Agriculture, Food and Light Industry (MoFALI) B. Batzorig visited several cashmere factories in Ulaanbaatar.

The program will be implemented in two phases over  four years and plans to create over 9,000 jobs in the textile industry and related parts of the industry, and to increase the production of finished products and exports by 5.7 times.

In 2017, Mongolia produced 5,413 tons of washed cashmere, 509 tons of combed cashmere, and 915,000 units of knit and woven clothes. The Cashmere Program has set a target to export 19.8 million pieces of clothing and make sales of 2.2 to 4.3 trillion MNT over the course of its implementation. Minister B. Batzorig stated, “The Cashmere Program will aim to establish a Cashmere Development Fund with a reserve of 500 trillion MNT. This will allow us to revive cashmere processing plants and increase income for herders.” 

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