BAKU, Azerbaijan, Aug. 6
By Ilkin Seyfaddini - Trend:
Production of electrical industry in Uzbekistan in the first half of 2020 reached 5.1 trillion soum ($498.8 million) which is 21.9 percent more than in the corresponding period of 2019, representative of Uzeltekhsanoat Association told Trend.
In total, Uzbekistan exported electrical products for $113.8 million, which is 1.3 times more than in the same period in 2019.
“Some $64.3 million of investments were made in the industry during the first half of 2020, which is 1.2 times more than the planned forecast figures. The volume of production in 2020 is planned to reach 9.4 trillion soum ($919.4 million),” the message said.
It is planned to process 49,000 tons of copper raw materials into finished products with added value by the end of 2020.
The Uzeltekhsanoat association was established by transforming Uzbek state Concern of the radio-electronic, electro-technical industry and instrument engineering.
The main task of the Uzeltekhsanoat association is to develop a strategy for the sustainable development of industry as a single complex for processing of raw materials, production and export of finished products with high added value, including through the expansion and support of industrial cooperation.
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