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Expanding Horizons: Uzbekistan Offers Lucrative Incentives to Indian Companies

The Ambassador informed that Uzbekistan has preferential market access to Europe under GSP regime and it has signed preferential trade agreement with the USA.

Uzbekistan

Uzbekistan

World Trade Center Mumbai hosted H.E. Mr. Sardar Rustambaev, Ambassador of Uzbekistan to India to discuss emerging areas of economic cooperation between both the countries and strategies to deepen bilateral partnership across various sectors.

On this occasion, H.E. Mr. Rustambaev mentioned, “Uzbekistan is a strategic partner of India and we have friendly diplomatic and political relations. Last year, the number of weekly flights between India and Uzbekistan has grown three-fold to 18 and by March 2025 it will grow to 24. The objective of my visit is to strengthen bilateral economic relations especially with Maharashtra in next generation sectors such as quantum technologies, semiconductors, electronics and also in manufacturing. Uzbekistan is emerging as an attractive investment destination and one of the largest industrial hubs in the CIS region. Our government is willing to offer land, support infrastructure, tax benefits and cheap power to Indian companies bringing technology, skilled labour and capital to our country. Uzbekistan can be a gateway for Indian companies to the 300 million consumer market of the CIS region, with which it has a trade agreement.”

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