Delegation of the Ministry of Foreign Affairs of Uzbekistan met in Delhi with the leadership and members of the Federation of Chambers of Commerce and Industry of India

Yesterday, Deputy Foreign Minister of Uzbekistan Furkat Sidikov held a meeting with the leadership and members of the Federation of Chambers of Commerce and Industry of India (FCCII) in Delhi.

A presentation of the trade, economic, investment and tourism potential of Uzbekistan was held.

Particular attention was paid to the prospects of joint production in the pharmaceutical industry, which is one of the leading sectors of the Indian economy, which accounts for about 10 percent of the global production of pharmaceutical products. In this regard, the benefits and preferences that are offered to investors in the pharmaceutical free economic zones created in Uzbekistan are disclosed in detail.

The presentation participants noted that the consistent measures taken in Uzbekistan to further liberalize the economy and strengthen favorable conditions for doing business are of great interest among Indian business circles. At the same time, the great attention paid by the Government of Uzbekistan to the protection of the rights and interests of foreign investors is especially emphasized.

Following the event, an agreement was reached with a number of Indian companies on organizing visits of their representatives to the republic to further promote joint investment projects, in particular in the fields of pharmaceuticals, textiles, ICT and others, as well as bilateral trade relations.

Note that the Federation of Chambers of Commerce and Industry of India was established in 1927 and is one of the largest and oldest business organizations in the country. FCCII is also the coordinator of the India-Central Asia Business Council.