Uzbekistan – India: interest in cooperation grows
On the eve of President Shavkat Mirziyoyev’s visit to the Republic of India, Uzbekistan – India business forum was held in Delhi. The event, organized by the Ministry for Foreign Trade, the State Committee of the Republic of Uzbekistan for Investments, the Chamber of Commerce and Industry of Uzbekistan, the Embassy of the country in Delhi and the Confederation of Indian Industry, was attended by more than 300 business leaders of the two countries.
There are 145 enterprises with participation of Indian capital in Uzbekistan. The trade turnover in 2017 amounted to more than $320 million.
Pharmaceutical industry and healthcare, tourism, medical, information-communication technologies, agriculture, development and extraction of mineral resources, including non-ferrous and rare metals, infrastructure projects and construction of modern affordable houses are promising areas for bilateral cooperation.
At the business forum, the Agreement on establishment of Uzbekistan – India Business Council was signed between the Confederation of Indian Industry and the Chamber of Commerce and Industry of Uzbekistan. It will contribute to attract investment in various areas, develop trade and transport links, expand mutual transit corridors, reduce customs tariffs and implement large-scale projects in free economic zones.
Direct flights of Uzbekistan Airways from Tashkent to Delhi and Amritsar became popular for citizens of the two countries. For example, in 2017, more than 10 thousand tourists from India arrived in Uzbekistan. In order to further intensify activities in tourism sector, the issue of creating direct flights from Tashkent to Mumbai and Chennai is being developed.
Uzbekistan – India business forum was organized to strengthen the economic dialogue and will promote the establishment and expansion of trade relations between entrepreneurs of the two countries, increase in the number of new joint ventures and the volume of trade.