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
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.