Entrepreneurs from Uzbekistan and India met at a business forum organized by the Trade and Industry Chamber of Uzbekistan and India's Council for the Promotion of Exports of Pharmaceuticals held in Tashkent on Feb. 10.
The two sides signed agreements on trade and economic interaction, the protection and stimulation of investments, and avoidance of double taxing.
Uzbekistan exports construction materials, nonferrous metals, cotton and leather, foods and services to India, while it imports pharmaceuticals, mechanical and electronic equipment, optics, plastics and plastic items from India.
Total bilateral trade turnover between the two nations exceeded $242 million in 2013.
Approximately 20 leading Indian firms and companies have opened representative offices in Uzbekistan, and there are currently 65 joint ventures with investments from Indian entrepreneurs operating there.
"Uzbekistan wields an enormous economic potential," Abhay Kumar Sinha, the regional director of the Council for the Promotion of Exports of Pharmaceuticals of India, said. "Along with other sectors, the pharmaceuticals industry has been dynamically advancing in your country. We are interested in furthering the expanding cooperation with pharmaceutical companies of Uzbekistan, in promoting direct ties with relevant ministries and agencies, firms and companies."
- National Bank of Ukraine removes restrictions on foreign-currency transactions, investment metals
- Black Sea Trade & Development Bank visits Azerbaijan to boost business relationships
- VTB Bank finances three new planes for SunExpress airline
- National Bank of Ukraine makes it easier for businesses to invest abroad
- National Bank of Ukraine eases lending regulations for deposit guarantee funds to other banks
- Black Sea Trade and Development Bank, Russian Federal Corp. for SMEs support business growth
- Oleg Demidov named commercial director for Rosbank Factoring
- Eurasian Development Bank sells bonds on Kazakhstan Stock Exchange
- EY World Entrepreneur of the Year event to name world's top entrepreneur
- ACBA-CREDIT AGRICOLE, Microsoft parter for Armenian digital business technology seminar