Jaishankar Calls Uzbekistan India's Extended Neighbour, Cites $1 Billion Trade
- India and Uzbekistan aim to double bilateral trade from about $1.3 billion to between $2 billion and $2.6 billion within a few years, focusing on sectors like mining, pharmaceuticals, healthcare, IT, textiles, and automotive.
- Both countries signed a Bilateral Investment Treaty to boost investor confidence and agreed on an action plan to remove trade barriers, harmonize standards, and improve market access to support greater economic engagement.
- Over 200 businessmen participated in the India-Uzbekistan Business Forum, highlighting strong mutual interest in enhancing trade and investment.
- Uzbekistan has significant potential in mining, chemicals, steel, and automotive sectors, while India contributes technology, skilled workforce, and innovation to facilitate joint ventures and co-investment.
13 Articles
13 Articles
S Jaishankar: India’s Central Asia push: India looks to expand trade as it deepens ties with Uzbekistan - The Economic Times Video
External Affairs Minister S. Jaishankar held talks with Uzbekistan Foreign Minister Saidov Bakhtiyor Odilovich in New Delhi, highlighting the growing strategic partnership between India and Uzbekistan. Jaishankar said both countries have shown “zero tolerance” towards sanctuaries and cross-border terrorism, while noting that bilateral trade is close to $1 billion and should grow further. Saidov called India Uzbekistan’s “most important strategic and trade partner in South Asia” and said his visit is aimed at preparing for Prime Minister Narendra Modi’s upcoming visit to Uzbekistan.
India-Uzbekistan to double trade in 3 years; Goyal pushes cooperation in agri, pharma & tech
India and Uzbekistan are aiming to double bilateral trade to around $3 billion in the next three years. Commerce Minister Piyush Goyal called for co-investment, co-manufacturing and co-innovation across sectors including critical minerals, pharma, agriculture, technology and automobiles. Uzbekistan’s Investment Minister Laziz Kudratov joined the India-Uzbekistan Business Forum in New Delhi, attended by 200+ businesses. Uzbekistan’s Foreign Minis…
Commerce Minister invites Indian, Uzbeki bizmen to co-invest; calls for doubling bilateral trade - The Tribune
Union Minister of Commerce and Industry Piyush Goyal on Monday invited businesses from India and Uzbekistan to co-invest, co-manufacture and co-innovate, while calling for concerted efforts to double bilateral trade between the two countries over the next three years.
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