BAKU, Azerbaijan, Oct. 14
By Fakhri Vakilov – Trend:
Siemens has previously completed the discussion phase of the project on localization of the production of electrical equipment in Uzbekistan and now is moving on to the practical stage, a Siemens representative told Trend.
Recently it was reported that Siemens intends to localize the production of electrical equipment in Uzbekistan together with the Uzelektroapparat-Electroshield enterprise.
Siemens said 'it is too early' to talk about the possibility of exporting electrical equipment, 'as the company is now in the early stages of the project. This issue will be discussed at a later stage, and the decision will depend on the agreements reached between the interested parties.'
Uzbekistan is a very important strategic partner for Siemens. In recent years, serious positive changes has been happening in the country: the economy is being liberalized, the protection of entrepreneurship is being strengthened, and the credit and banking system is being modernized.
"All this creates a favorable market space, and Siemens wants to be present at it and contribute to its development, since both sides benefit from this," the representative stated.
The representative also added that Siemens has been cooperating with Uzbekistan for a long time, but in 2017, with the signing of several strategic agreements, a qualitatively new stage of partnership began. Currently. there are even more intersection points and Siemens is interested in further strengthening its positions in the Uzbek market.
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