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Monday, 28 May, 2018, 14 : 00 PM [IST]

Uzbekistan offers free economic zones for tourism opportunities

Uzbekistan has tremendous tourism potential given its historical cities such as Samarqand, Bukhara, Khiva, etc. Indian companies can take advantage of the free economic zones in Uzbekistan by setting up manufacturing plants in these zones and exporting the products to CIS countries. There is also the need for launching direct flight connectivity from Mumbai to Uzbekistan to promote tourism and trade between the two countries, said, Vijay Kalantri, Honorary Consul General of the Republic of Uzbekistan at a interactive meeting with a 15-member high-level delegation of business and government officials from Andijan region at World Trade Centre in Mumbai.

Uzbekistan, the largest country of Central Asia has strong historical relationship with India. Trade, investment and cultural industries are the key focus areas of our relationship. India’s Prime Minister Narendra Modi and Uzbek President Mirziyoyev have agreed to draw roadmap for mutual partnership when they met at Astana on the sidelines of the SCO Summit in June 2017.

Ismoilov Sardorbek, Specialist, Investment department of Government of Andijan said, “Andijan accounts for 10% of the population of Uzbekistan and it is the most densely populated region in the country. This ensures a huge consumer market for companies. The economy of Andijan grew 159% between 2012 and 2017. Andijan contributes 7% to the industrial production of Uzbekistan. Four Indian companies have commercial presence in Andijan through joint venture.”

Speaking about the economic potential of Uzbekistan, Azamjon Mansurov, Second Secretary, Embassy of Uzbekistan to India, said, “The country produces more than 3 lakh cars, 3,000 types of food products, 20 varieties of mobiles and smartphones, 2300 varieties of drugs and pharmaceutical products and wide range of household appliances, chemical products, leather goods and agricultural machineries, to name a few. Over the years, the country has progressed from a predominant exporter of cotton to exporter of manufactured products, which constitute 80% of total shipments. Companies in Uzbekistan participate in more than 1,000 international exhibitions annually.” 
 
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