BRICS CHAMBER OF COMMERCE AND INDUSTRY organised an interactive session on Investment Opportunities in Uzbekistan at the NBCC Bhawan. The session commenced with the welcome address by Dr. Anoop K. Mittal, President BRICS CCI. The major points of discussion were:
· Why Uzbekistan?
· Economic situation of Uzbekistan
· Where to Invest?
· India – Uzbekistan Trade relations.
· Infrastructure and access
While addressing the gathering H.E. Farhod Arziev, Hon’ble Ambassador of Uzbekistan talked over the available opportunities and friendly relations between Uzbekistan and India. Both countries shall work on tourism. He unveiled the ambitious plan of Uzbekistan to liberalise the currency market and discussed the ways to expand bilateral trade.
Mr. Avaz Khodjiev, Counsellor (Trade and Economic), Embassy of Uzbekistan, gave a detailed presentation covering the various aspects such as economic situation, key sectors for the investment etc. He ascertained the pros of investing in Uzbekistan because of its location, ease of doing the business and the excellent business opportunities in the fields of Food processing, Cotton trading, Gas exploration, Pharmaceuticals, Infrastructure Development and many others. He highlighted the concrete and result oriented steps taken like Economic Liberalisation, Free economic zones, exemption from paying taxes for a certain period depending on the amount of investment.
This was followed by Q & A session which set off an indispensable need to simplify travel procedures so as to enhance tourism and trade in Uzbekistan.
Dr. BBL Madhukar expressed his views highlighting the importance of investment in Uzbekistan. He then felicitated Hon’ble Ambassador and Counsellor (Trade and Economic) and expressed his gratitude towards the attendees for their patient hearing and attending the session.