TASHKENT, Uzbekistan, July 25. Uzbekistan creates an Industrial Development Fund under the Fund for Reconstruction and Development, Trend reports.
This decision was made by the decree of the President of Uzbekistan Shavkat Mirziyoyev dated July 21 "On measures for the effective organization of public administration in the field of investment, industry and trade within the framework of administrative reforms".
The fund will attract funds in the equivalent of $1 billion. In particular, the Fund for Reconstruction and Development will allocate $200 million to the Industrial Development Fund in 2023-2024.
The Industrial Development Fund has received the right to attract funds from external sources, and in the future - new sources to the fund's capital.
At the same time, it will allocate credit funds, including working capital, funds in foreign and national currency, for industrial projects aimed at producing new types of high-tech products and expanding existing capacities.
The fund will also finance part of the costs associated with marketing research projects aimed at mastering the production of demanded products, as well as the development of project documentation, the involvement of foreign specialists and certification of manufactured products.