Baku, Azerbaijan, Dec. 11
By Fikret Dolukhanov – Trend:
India’s Rising Hongfa Heavy Machinery will build in Uzbekistan a plant for the production of modern concrete materials worth about $3 million a year, Trend reports referring to the State Investments Committee of Uzbekistan.
The corresponding agreement was signed between O’zqurilishmateriallari (Uzbuildmaterials) and Rising Hongfa Heavy Machinery during the first official visit of President of Uzbekistan Shavkat Mirziyoyev to India.
The investment project provides for the construction of a modern plant in 2020 for the production of new types of refractory, waterproof and insulating concrete wall slabs for the needs of the construction industry. The preliminary location of the plant is Bekabad.
In order to discuss the further stage of the project implementation, the Indian delegation visited Uzbekistan on Dec. 1-8. During the working visit, meetings were organized with the Ministry of Healthcare, the Agency for the Development of the Pharmaceutical Industry, O’zqurilishmateriallari, O’zmetkombinat (Uzbek Metallurgical Combine), as well as an acquainting visit to Bekabad.
At the Agency for the Development of the Pharmaceutical Industry, representatives of the Indian delegation expressed their willingness to expand cooperation in this area, including the production of pharmaceuticals in Uzbekistan. The parties agreed on the exchange of necessary information on current benefits and preferences in the pharmaceutical industry for investment cooperation.
Rising Hongfa Heavy Machinery is engaged in the production of construction equipment and building materials, has four factories in India. The geography of product supplies covers 80 countries of the world, including the USA, Russia, Australia, Brazil, and the countries of Central Asia.
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