Confederation of Indian Industry to open office in Uzbekistan
Baku, Azerbaijan, Jan. 8
By Nigar Guliyeva - Trend:
The Confederation of Indian Industry (CII) plans to open its office in Tashkent, Jahon agency reported referring to Manisha Mohana, the regional director of the CIS organization.
Of particular interest, according to Mohan, was the fact that President Shavkat Mirziyoyev proposed to announce the Year 2018 the Year of Support to Entrepreneurship, Innovative Ideas and Technologies.
"We are ready to actively cooperate with Uzbek partners in this direction. In order to deepen cooperation with the country, the Confederation intends to open its office in Tashkent," he said.
CII is one of India's leading economic organizations and brings together over 8,000 participants from the private and public sectors, including small and medium-sized businesses, as well as multinational corporations.
General Secretary of the BRICS Chamber of Commerce Birendra Madhukar said that today Uzbekistan is rapidly changing. "The issue of creating the most favorable conditions for entrepreneurial and investment activity acquires a high priority, while the country's economic system becomes more transparent, which plays an important role in attracting investments and ensuring fair competition for economic development," Madhukar said.
Tthe State Statistics Committee of Uzbekistan reported that the trade turonver betweeen the two countries in 2016 was $370 million.
India’s share during 2016 in the total volume of exports of Uzbekistan constituted 0.5 percent and occupied 17th place among countries that are trading partners of Uzbekistan, and for imports constituted 2.1% (10th place).
Main items of exports to India were dried, shelled leguminous vegetables, Potassium chloride, Urea, Lac, etc., and spare parts. Main items imported from India were medicines, antibiotics, vitamins, spare parts for machines.