Azernews.Az

By Kamila Aliyeva

Uzbekistan and India reached agreements on the implementation of 50 investment projects worth about $ 3 billion, Uzbek media outlets reported.

These agreements were concluded in the framework of the Indian-Uzbek Business Forum held in Delhi on September 28.

“Promising areas of cooperation between Uzbekistan and India are such spheres as the pharmaceutical industry and healthcare, tourism, including medical, information and communication technologies, agriculture, development and extraction of mineral resources, including uranium, non-ferrous and rare metals, infrastructure projects and the construction of affordable housing,” the press service of the State Committee of Investments said.

Also, within the business forum, the signing ceremony of the agreement on the creation of the Indian-Uzbek Business Council between the Confederation of Indian Industry and the Uzbek Chamber of Commerce and Industry was held.

The National Exhibition of Uzbekistan, which presented agricultural, fruit and vegetable, confectionery, food and alcohol products produced in the republic presented, opened on September 29.

Today, Uzbekistan’s exports to India include beans, balsams, raw silk, earth metals, fertilizers and other goods. The main products imported from India are pharmaceutical products, ferrous metals, various technological equipment, spare parts for cars.

Currently, 145 enterprises with the participation of Indian capital, including 21 with 100 percent Indian capital, operate in Uzbekistan. The volume of bilateral trade in 2017 amounted to $ 323.6 million.

In 2017 alone, Uzbekistan was visited by more than 10,000 tourists from India. For the development of tourism today, the issue of creating two more direct flights from Tashkent to Mumbai and Chennai is being worked out. To date, direct flights from Tashkent to New Delhi and Amritsar have been launched.

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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

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