Jaishankar Calls Uzbekistan India's Extended Neighbour, Cites $1 Billion Trade
- India and Uzbekistan aim to double bilateral trade from about $1.3 billion to between $2 billion and $2.6 billion within a few years, focusing on sectors like mining, pharmaceuticals, healthcare, IT, textiles, and automotive.
- Both countries signed a Bilateral Investment Treaty to boost investor confidence and agreed on an action plan to remove trade barriers, harmonize standards, and improve market access to support greater economic engagement.
- Over 200 businessmen participated in the India-Uzbekistan Business Forum, highlighting strong mutual interest in enhancing trade and investment.
- Uzbekistan has significant potential in mining, chemicals, steel, and automotive sectors, while India contributes technology, skilled workforce, and innovation to facilitate joint ventures and co-investment.
12 Articles
12 Articles
India-Uzbekistan to double trade in 3 years; Goyal pushes cooperation in agri, pharma & tech
India and Uzbekistan are aiming to double bilateral trade to around $3 billion in the next three years. Commerce Minister Piyush Goyal called for co-investment, co-manufacturing and co-innovation across sectors including critical minerals, pharma, agriculture, technology and automobiles. Uzbekistan’s Investment Minister Laziz Kudratov joined the India-Uzbekistan Business Forum in New Delhi, attended by 200+ businesses. Uzbekistan’s Foreign Minis…
Commerce Minister invites Indian, Uzbeki bizmen to co-invest; calls for doubling bilateral trade - The Tribune
Union Minister of Commerce and Industry Piyush Goyal on Monday invited businesses from India and Uzbekistan to co-invest, co-manufacture and co-innovate, while calling for concerted efforts to double bilateral trade between the two countries over the next three years.
India, Uzbekistan Can Leverage Complementary Strengths to Capture Global Markets: Piyush Goyal
Get latest articles and stories on Business at LatestLY. India and Uzbekistan can leverage their complementary strengths to jointly capture global markets as the two countries hardly compete in any area, Union Minister for Commerce and Industry Piyush Goyal said on the sidelines of the India-Uzbekistan Business Forum. Business News | India, Uzbekistan Can Leverage Complementary Strengths to Capture Global Markets: Piyush Goyal.
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