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Uzbekistan can be gateway to 250 mn consumer market of CIS

Thursday, July 11, 2019

Avaz Khodjiev, Deputy Governor of Syrdarya, Uzbekistan (right) being felicitated by Vijay Kalantri, Honorary Consul of the Republic of Uzbekistan at a Business Forum in WTC Mumbai recently.

“It is a great pleasure to visit India again after serving as trade and economic counselor in this great country for three years. Uzbekistan can be a gateway to the 250 million consumer market of CIS countries. Indian companies can save upto 50% of their cost by manufacturing and exporting from Uzbekistan. Lot of Indian companies are visiting Uzbekistan and are keen to partner in diverse sectors. During the recently held Vibrant Gujarat, both the countries signed agreements worth USD 1 billion for various projects. Uzbekistan is rich in natural resources and skilled labour. Companies investing in free economic zones (FEZs) of Syrdarya region will get all statutory approvals in four working days if their business plan is ready,” said Avaz Khodjiev, Deputy Governor of Syrdarya and Head of the Delegation at the Business Forum on ‘Trade and Investment Opportunities in Uzbekistan’ at the event organised by MVIRDC World Trade Center Mumbai and All India Association of Industries (AIAI).

Earlier in his remarks, Vijay Kalantri, Honorary Consul of the Republic of Uzbekistan said, “India and Uzbekistan cherish historical relationship dating back to several centuries. Today, bilateral trade stands at hardly USD 300 million and the leaders of both the countries have resolved to enhance this to USD 1 billion by 2022. There is huge untapped potential for mutual collaboration in sectors such as cotton, food and agro-processing, pharmaceuticals, mining, energy, oil & gas, film, tourism etc. I am confident that this Business Forum will create awareness on the scope for mutual collaboration in various sectors.”

The event was also attended by Dilmurot Sultanov, Deputy Mayor of Mirzaobod district, Syrdarya region. The Deputy Governor of Syrdarya region led a high level business delegation representing food processing, pharmaceuticals, construction materials, healthcare, tourism, textile and other sectors. The members of the delegation held fruitful meetings with their potential local business partners.

Rupa Naik, Senior Director, MVIRDC World Trade Center Mumbai highlighted scope for partnership in food processing and textile sectors in Maharashtra and invited the delegation to industry visit to explore untapped business potential in the state.

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