Uzbekistan promotes 2019 as year of investment in backdrop of wider business with India

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NEW DELHI: Uzbekistan Shavkat Mirziyoyev in his annual address to the Parliament on Friday announced 2019 as the ‘Year of Active Investment and Social Development’ in the backdrop of proposed investments from India to boost economy of this Central Asian country.

He said that it would be a logical continuation of activities that begun in 2018 under the program of the ‘Year of support of active entrepreneurship, innovative ideas and technologies’.

The President outlined large-scale plans and important tasks in this direction. According to him, concrete measures will be taken on creating an open economy, radically improving the business environment and investment climate, reducing the state presence in the economy. Activities on improving the health of the population will continue at a new level.

India has been invited to make large scale investments across sectors in Uzbekistan taking advantage of economic reforms and SEZs.

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