The creation of the wool industry cluster in Dagestan will generate 137 new jobs in the region. According to the Regional Industrial Development Fund, Kavkazskaya Wool LLC, based in Novy Kostek, Khasavyurtovsky municipal district, will become a key participant in the cluster.

The Fund's director, Magomed Isuev, has visited the company engaged in implementation of an investment project to expand its primary washing, processing and production of knitted products from wool, with an estimated value of RUB 350 million.

Besides, the establishment of a wool cluster in Dagestan aims to bring together enterprises and promote the development of import-substitution production, including yarn, felt, threads and textiles. As part of this initiative, eight enterprises have joined the cluster and plan to increase their production volume by five times, from the current level of RUB 207 million to over RUB 1 billion.