An Uzbek-Indian business forum was held in Tashkent on September 27 under the co-chairmanship of Deputy Prime Minister of Uzbekistan Jamshid Khojayev and Minister of Finance and Corporate Affairs of India Nirmala Sitharaman.
The forum was also attended by Deputy Minister of Investment, Industry and Trade of Uzbekistan Shokhrukh Gulamov, 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 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. A total of 317 companies with Indian capital are successfully operating in Uzbekistan.
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 plans for the implementation of joint projects.
Following the event, an Intergovernmental Agreement on the Promotion and Mutual Protection of Investments was signed.
