India will be given priority for investment in Uzbekistan

Eurasia News

India will be given priority for investment in Uzbekistan

Tashkent, Uzbekistan: India will be given priority for investment in Uzbekistan.

According to sources, Indian companies will be given first preference in three Free Economic Zones that have been established by Uzbek government and 80 Indian companies from various sectors including textiles, pharmaceuticals, finance, chemicals and fertilizers have been invited by the Uzbekistan government at an International Investment Forum on November 5-6 in capital Tashkent to implement the vision of stronger Indo-Uzbek economic partnership.

India will be given priority for investment in Uzbekistan
Indian prime minister Modi meeting Uzbek President in July

According to sources, India’s growing ties with Uzbekistan are result of Indian Prime Minister Narendra Modi’s visit to Tashkent in last July.

The objective of the International Investment Forum is to facilitate interface between the leading enterprises of Uzbekistan and strategic foreign investors capable of ensuring modernization and help in manufacturing of goods competitive in both domestic and external markets, as well as introduction of modern corporate governance practices.

The Forum will be attended by members of the Uzbek Government, heads of ministries and departments of Uzbekistan, investment funds and banks.

The agenda of the event includes plenary sessions, presentations by major foreign investors on their experience in doing business in Uzbekistan, panel sessions on various economic sectors with presentations of specific privatization objects, visits to enterprises, as well as cultural program with trips to ancient cities including Samarkand, Bukhara and Khiva, which will complement the business part of the event.