OP­POR­TU­NI­TIES GA­LORE

ASSOCHAMor­ga­nized a busi­ness in­ter­ac­tion with high●pow­ered min­is­te­rial del­e­ga­tion from Uzbek­istan, in New Delhi on 21st ,~2017. The vis­it­ing del­e­ga­tion was led by Min­is­ter of For­eign Trade of Uzbek­istan, H.E Mr. Elyor Ganiev along with 13 other se­nior gov

Assocham Bulletin - - INTERNATIONAL RELATIONS -

Speak­ing at the oc­ca­sion, Mr. Ganiev in­vited the In­dian busi­ness houses to set up their man­u­fac­tur­ing hubs in Uzbek­istan.

He in­vited busi­ness­men from the heal thcare and cot­ton in­dus­try stat­ing that Uzke­bis­tan has a strong base in terms of cot­ton and phar­ma­ceu­ti­cals. Laud­ing the trade re­la­tion­ship be­tween both the coun­tries, Mr. Ganiev said that Uzbek­istan would like to build stronger trade re­la­tions be­tween both the coun­tries. He hoped that dis­cus­sions dur­ing the visit of this del­e­ga­tion will help in iden­ti­fy­ing new ar­eas of co­op­er­a­tion and take our re­la­tion­ship to a higher level.

Talk­ing about the strin­gent visa laws Uzbek­istan has, he in­formed that the For­eign Min­istry is chart­ing ways to re­lax the visa norms es­pe­cially for the In­dian man­u­fac­tures.

Mr. S. K. Ran­jan, Deputy Sec­re­tary (CIS), Min­istry of Commerce and In­dus­try, GOI was also present at the event. Talk­ing about trade re­la­tions be­tween the two coun­tries, he said that the In­dian gov­ern­ment is seek­ing sug­ges­tion from the In­dian busi­ness houses for im­prov­ing busi­ness ties­be­tween In­dia and Uzbek­istan.

In­dia and Uzbek­istan have close and friendly re­la­tions based on cen­turies of his­tor­i­cal and cul­tural link­ages.

In­dia- Uzbek­istan bi­lat­eral trade stood at $184.05 mil­lion dur­ing the pe­riod Jan­uaryJune 2016. In­dia ex­ports phar­ma­ceu tical prod­ucts, me­chan­i­cal equip­ment, ve­hi­cles, ser­vices, op­ti­cal in­stru­ments and equip­ment to Uzbek­istan and im­ports fruit and veg­etable prod­ucts, ser­vices, fer­tilis­ers, juice prod­ucts, ex­tracts and lu­bri­cants.

There is con­sid­er­able in­ter­est in Uzbek­istan in co­op­er­a­tion with In­dia in the area of In­forma tion Tech­nolo gy. Uzbek­istan is a ben­e­fi­ciary of In­dia's ITEC Pro­gramme since 1993-1994. Cur­rently 150 slots are be­ing al­lot­ted an­nu­ally. The ITECPro­gramme has been very well re­ceived in Uzbek­istan. Ar­eas of train­ing in­clude­in­for­ma­tion tech­nol­ogy, English for pro­fes­sion­als, man­age­ment, jour­nal­ism, diplo­macy, small busi­ness plan­ning, re­mote sens­ing, bank­ing and ho­tel man­age­ment etc. Twenty five Schol­ar­ships are be­ing of­fered to Uzbek­istan an­nu­ally for var­i­ous cour­ses in In­dian Uni­ver­si­ties un­der ICCR's Schol­ar­ship Pro­grammes. It is worth men­tion­ing that trade re­la­tions be­tween In­dia and Uzbek­istan are gov­erned by the Agree­ment on Trade and Eco­nomic Co­op­er­a­tion signed in May 1993. This agree­ment pro­vides for such things as mu­tual MFN treat­ment, pro­mo­tion of eco­nomic, in­dus­trial, sci­en­tif­i­cand tech­ni­cal co­op­er­a­tion, in­clud­ing in the field of train­ing of per­son­nel, ac­tive par­tic­i­pa­tion of small and

medium sized en­ter­prises in bi­lat­eral eco­nomic co­op­er­a­tion, and coun­ter­trade, etc. In­dia and Uzbek­istan also signed an Agree­ment on Avoid­ance of Dou­ble Tax­a­tion in 1993and for Bi­lat­eral In­vest­ment Pro­mo­tion and Pro­tec­tion in May 1999.

Ac­cord­ing to the State Sta­tis­tics Com­mit­tee of Uzbek­istan, In­dia oc­cu­pied the 15th place among trad­ing part­ners of Uzbek­istan, cov­er­ing 0.7% of the to­tal trade turnover of the Uzbek­istan.

Group Photo of the Del­e­ga­tion from Uzbek­istan.

Mr. OS Rawat, Sec­re­tary Gen­eral, ASSOCHAM wel­com­ing H.E. Mr. El­yar Ganiev, Min­is­ter of For­eign Trade of Uzbek­istan.

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