Uzbekistan signs agreements worth $250 M with foreign investors
Baku, Azerbaijan, Oct. 21
By Fakhri Vakilov-Trend:
The first international investment forum Open Andijan 2019, held on October 19−20 in Uzbekistan’s Andijan region, gathered over 400 participants from almost 30 countries, Trend reports citing Uzbek media.
In total, agreements and memorandums worth $250 million were signed in the pharmaceutical, textile, automotive and agricultural sectors based on the forum’s results.
The most representative at the forum was a delegation of 80 businessmen and cultural figures from the Indian Gujarat state.
Among the members of the delegation were managers of leading Indian companies such as Cadila Pharmaceuticals Limited, Reliance Industries, Minda Group, Shalby Hospital, Adani Group, Banas Dairy and others.
With a population of approximately two Uzbekistan, Gujarat is the main sign of radical economic reforms for India. They involve attracting trillions of foreign investment and turning the country into a new global center of economic power.
The main event of the investment forum was the agreement of the regional administration concluded with the Indian Cadila Pharmaceuticals. The $50 million project envisages the development of the production of almost 200 generic drugs by 2024.
Moreover, the automotive industry, which is the main industry of the Andijan region, offered potential investors 17 localization projects worth $280 million.
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