News Central Asia reports China is providing partial financing, expertise and equipment for construction of a velvet manufacturing factory in Turkmenistan. The factory is expected to produce one million meters of high quality silk velvet annually.The total cost of the project is $14.49 million (90 million Yuans) China will provide a grant of 40 million Yuans and a 50 million Yuans soft loan. from China.
The velvet factory will create 422 new job vacancies.
