BAKU, Azerbaijan, May 7. Uzbek authorities considered measures for the development of the electrical industry, Trend reports via the press service of the Uzbek president.
In this regard, on May 6, 2022, the President of Uzbekistan Shavkat Mirziyoyev held a meeting.
Over the past five years, $465 million has been invested in this industry and 163 new projects have been launched. Production increased by 4 times, export - by 3 times.
However, there are many untapped opportunities in the field. The Development Strategy of New Uzbekistan sets the goal of doubling the manufacture of electrical products and tripling exports by 2026.
Important tasks in this direction were discussed at the meeting.
In particular, this year it is planned to launch 86 projects worth $250 million. The president stressed the need to study the composition of imports, the production of relevant products, and the formation of new projects in the regions.
To introduce innovations in the industry and expand exports, it is planned to allocate 20 billion soums ($1.8 million) to the Electrotechnical Fund.