Uzbek­istan Of­fers In­dian In­dus­try Ac­cess to CIS Mar­kets

FICCI Business Digest - - States -

FICCI or­ga­nized a lun­cheon meet­ing to wel­come Farhod Arziev, Am­bas­sador Ex­tra­or­di­nary and Plenipo­ten­tiary of Uzbek­istan to In­dia, in Ahmedabad on 15 May 2018. Arziev show­cased the in­vest­ment op­por­tu­ni­ties in the coun­try and un­der­lined the in­cen­tives be­ing of­fered to the in­dus­try in the form of tax hol­i­days, free land to joint ven­tures with Uzbek coun­ter­parts and cheap skilled work­force.

‘Uzbek­istan is a changed coun­try now. They have 100 per cent con­vert­ible lo­cal cur­rency, be­sides that banks are sup­port­ive and quick to re­spond to the needs of trade and in­dus­try. The big­gest ad­van­tage is the ac­cess to a huge mar­ket of the for­mer USSR or the CIS (Com­mon­wealth of In­de­pen­dent States) coun­tries as there is a du­tyfree trade agree­ment with them,' said Ra­jiv Vas­tu­pal, Chair­man, FICCI – Gu­jarat State Coun­cil.

L to R: Ra­jiv Vas­tu­pal, Chair­man, FICCI – Gu­jarat State Coun­cil and Farhod Arziev, Am­bas­sador Ex­tra­or­di­nary and Plenipo­ten­tiary of Uzbek­istan to In­dia.

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