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Uzbekistan intends to increase exports of electrical products

Oil&Gas Materials 22 May 2019 16:02 (UTC +04:00)

Baku, Azerbaijan, May 22

By Fakhri Vakilov – Trend:

President of Uzbekistan Shavkat Mirziyoyev held a meeting on May 22 on the development of the electrical industry, increasing its production and exports, Trend reports with reference to the press service of the president.

The Uzeltehsanoat association was tasked with optimizing imports by doubling production and bringing exports to $500 million by 2022.

Last year, industry enterprises produced goods of more than 2,000 species in the amount of $1.1 million. However, as was noted, despite the favorable conditions created for the sphere, electrical products are imported in considerable volume, while the share of the country's exports in the regional market is not high enough.

The meeting participants discussed the development of the electrical industry based on the study of export-import conjuncture, manufacturing new products and improving the competitiveness of the goods produced.

The Ministry of Economy and Industry and the association "Uzeltehsanoat" were instructed to develop a "road map" for new types of products.

Particular attention is to be paid to the formation of sustainable demand for domestic products in the domestic and foreign markets, the widespread use of government procurement and industrial cooperation.

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