Uzbek-Indian business forum

It was also attended by Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan Shokhrukh Gulamov, heads of ministries and departments, as well as about 100 heads of large companies of the two countries representing the fields of agriculture, textile production, building materials, automotive, chemical industry, electrical industry, pharmaceuticals, healthcare, information technology, transport and logistics.

Addressing the participants of the Forum, Jamshid Khojayev thanked the Indian side for the representative composition of the delegation and expressed confidence that this Forum will serve as an effective platform for expanding business contacts and implementing new joint projects.

A consistent increase in the volume of interaction with the Indian side was noted. Thus, over the past five years, the volume of mutual trade has doubled and reached almost $800 million by the end of 2023. Since the beginning of the year, this figure has increased by 30% compared to the same period last year and amounted to $600 million. 317 companies with Indian capital are successfully operating in Uzbekistan.

The speaker voiced a number of practical aspects of the investment climate created in our country, including tax and customs privileges and preferences, protection of investors' rights, digitalization, developed infrastructure, opportunities for preferential exports to the markets of the EU, CIS and other regions.

Within the framework of the forum, B2B meetings were also held, at which representatives of the business circles of the two countries were able to discuss in detail with their counterparts plans for the implementation of mutually beneficial projects.

Following the event, an Intergovernmental Agreement on the Promotion and Mutual Protection of Investments was signed.