New investment projects in the agricultural sector were discussed

Deputy Minister of Agriculture of the Republic of Uzbekistan Umid Mamadaminov met with the leadership of the cotton and textile cluster, created on the basis of investments from the Korean corporation POSCO International, the press service of the Ministry of Agriculture reports.

During the meeting, representatives of the company presented plans to expand activities in the next 3 years and implement investment projects worth $196 million. It is envisaged that the projects will be implemented in Tashkent, Kashkadarya and Fergana regions. Also during the talks, issues of allocation of areas for growing cotton in areas where new projects are planned, as well as the use of dry lands with the use of water-saving technologies were discussed.

In addition, the parties exchanged views on the possibility of returning abandoned agricultural land in the Kasan district of the Kashkadarya region to circulation and ways to use it effectively.