Uzbekistan’s Fergana region increases the inflow of direct investments and strengthens cooperation with foreign investors.

Measures are being taken in Uzbekistan’s Fergana region to increase the inflow of direct investments and strengthen cooperation with foreign investors.

At the videoconference with participation of representatives of Singapore’s Indorama Corporation, special attention was paid to the implementation of promising projects.

In recent years, the company has been carrying out business activities in the region. Promising projects in the textile industry have been implemented in Kokand.

During the negotiations, the parties discussed projects aimed at further enhancing activities of the joint venture Indorama Kokand Textile in Kokand, increasing the range and volume of products. Issues of further acceleration of the work carried out within the framework of investment projects implemented on the basis of Kokand Superphosphate Plant JSC with participation of Singapore capital were also studied.

At the videoconference, the company announced that it operates in Kashkadarya and Syrdarya regions on the basis of a cluster system. Desire was expressed to organize similar projects in Besharyk, Uzbekistan and Dangara districts of the region.

Director of Indorama Corporation, Prakash Kejriwal, spoke about the state of projects in Fergana, expressed gratitude to the Hokim of the region for cooperation.

Agreements were reached on further enhancing the scale of collaboration.

UzA