Uzbekistan, India to implement $3B investment projects
Baku, Azerbaijan, Oct. 1
By Fikret Dolukhanov – Trend:
Uzbekistan and India will implement 50 investment projects worth $3 billion, the press service of the State Investment Committee of Uzbekistan announced.
The corresponding agreements have been reached within the framework of the Indian-Uzbek business forum held in Delhi.
"Prospective areas of cooperation between Uzbekistan and India are such spheres as the pharmaceutical industry and healthcare, tourism, including medical, information and communication technologies, agriculture, development and mining of mineral resources, including uranium, non-ferrous and rare metals, infrastructure projects and construction of affordable housing," the State Committee noted.
The Confederation of Indian Industry and the Chamber of Commerce and Industry of Uzbekistan also signed an agreement on establishment of the Business Council of India and Uzbekistan.
Uzbekistan exports to India beans, balsams, raw silk, earth metals, fertilizers and other goods. The main products imported from India are medicines, ferrous metals, various technological equipment, spare parts for cars.
There are 145 enterprises with participation of Indian funds, 21 of which are fully Indian. The volume of bilateral trade in 2017 amounted to $326.6 million.
In 2017, Uzbekistan was visited by more than 10,000 tourists from India. The sides are currently working on opening two additional direct flights from Tashkent to Mumbai and Chennai.
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