TASHKENT, Uzbekistan, September 25. Uzbekistan and India plan to sign a joint program on the implementation of projects, Trend reports.
The matter was reviewed at a meeting between the Minister of Investment, Industry, and Trade of Uzbekistan, Laziz Kudratov, and the Minister of Finance and Corporate Affairs of India, Nirmala Sitharaman.
During the meeting, the sides discussed the current state and prospects of building up trade-economic and investment partnerships with India.
The parties have agreed on a number of mutual measures to intensify the process of obtaining phytosanitary permits for six additional types of agricultural products grown in Uzbekistan, attracting soft loans from India's Eximbank to finance social projects.
The prospects of attracting large Indian companies to Uzbekistan in the spheres of information technologies, pharmaceuticals, medicine, light industry, and education have been considered in a separate order.
Meanwhile, the volume of mutual trade has doubled to $756 million by the end of 2023. Since the beginning of this year, another 30 percent growth has been noted. Since 2019, the number of joint ventures has grown almost 2.5 times to 317 entities. Only since the beginning of the year have 51 new enterprises with the participation of Indian capital been opened in Uzbekistan.