Monday, May 20

India is planning projects in Uzbekistan in the automotive and food industries

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The participants of the round table organized by the Embassy of Uzbekistan and the Federation of Chambers of Commerce and Industry of India (FICCI) exchanged views on opportunities and prospects for cooperation.

Several Indian companies have expressed their intentions to implement joint projects in Uzbekistan, reports IA “Doone”.
These initiatives were announced during a round table organized by the Embassy of Uzbekistan and the Federation of Chambers of Commerce and Industry of India (FICCI). The participants, representatives of leading Indian companies, were told about the investment potential of the republic.
They discussed the reforms implemented in Uzbekistan in recent years, a favorable environment for trade and economic activity, benefits and preferences for foreign entrepreneurs and investors, the export potential of the republic, and the successful experience of Indian companies in its territory.
The sides exchanged views on the possibilities and prospects of cooperation.

“In particular, Suren Alimchandani, head of the department of the Hinduja Group conglomerate, spoke about the company’s interest in implementing a joint project for the production of automotive motor oils in Uzbekistan, as well as the purchase of Uzbek mineral fertilizers, and said that he would hold talks on these issues within the framework of the upcoming Tashkent International Investment Forum,” the message says.

In turn, the marketing director of the MIER Group company Gopal Sood stated that he is well aware of Uzbekistan’s achievements in the field of agriculture, and now the company is exploring the prospects for implementing joint projects in the food industry.
During the talks with the Secretary General of FICCI, issues of further strengthening relations between this federation and business structures of Uzbekistan were discussed.

“FICCI has over 250,000 members across India. We are ready to provide practical assistance in finding reliable and promising partners in India to companies and entrepreneurs working in Tashkent, Samarkand or other regions of Uzbekistan. We also host annual media and entertainment events called “FICCI Frames”. Popular film actors take part in them. We are pleased to invite Uzbekistan to become a partner country in the framework of our next event,” said FICCI Secretary General Shailesh Pathak.

source:  https://uz.sputniknews.ru/20240429/uzbekistan-indiya-sotrudnichestvo-proyekty-43650277.html

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