Current Affairs - International - Discussion

The President of Uzbekistan, Shavkat Mirziyoyev announced 2019 as the 'Year of Active Investment and Social Development' in the backdrop of proposed investments from India to boost economy of the Central Asian country, in his annual address to the Parliament. The President stated that concrete measures will be taken on creating an open economy, radically improving the business environment and investment climate and reducing the state presence in the economy. He stressed that investment was the driver of economy, new technologies, advanced experience and highly qualified specialists come with investments into all sectors and regions. Uzbekistan has invited India for making large scale investments across sectors in Uzbekistan taking advantage of economic reforms and SEZs. The president informed that in 2018, Uzbekistan implemented 76 thousand projects worth 21 trillion Uzbek soums (UZS) and 1 billion USD.