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Pharmaceutical sector focus of India-Uzbekistan ties

IANS  |  New Delhi 

The will be the core of ties between and as the Central Asian nation's Mirziyoyev visits from January 18 to 20 for the Summit.

Mirziyoyev's visit comes after the first ever India-Central Dialogue in Samarkand, Uzbekistan, on Sunday.

"of Mirziyoyev attends international investment summit as a key guest of the on January 18-20," the said in a statement on Monday.

"becomes (the) first among Central Asian states to be a country partner of biennial event," it stated.

Economic liberalisation, rapid political reforms and encouragement of foreign direct investment make Uzbekistan an inviting destination for business and investment.

Indian companies are exploring investment opportunities in the pharmaceutical, textile, education, IT, tourism and other sectors in Uzbekistan, the Embassy statement said.

"To attract investments in the pharmaceutical sector, an Uzbek Indian Free Pharmaceutical Zone is being developed in the Andijan region," it stated.

Andijan is on the southeastern side of Uzbekistan near its border with

Pharmaceutical products, mechanical equipment, vehicles, service, optical instruments and equipment are India's major exports to Uzbekistan.

imports fruit and vegetable products, services, fertilisers, juice products, extracts and lubricants.

Sushma Swaraj co-chaired the India-Central Dialogue at in Uzbekistan on Sunday that was also attended by the Foreign Ministers of Afghanistan, Uzbekistan, Kyrgyzstan, and and the First of

The meet sought to work collectively for peace and reconstruction efforts in war-ravaged

India reiterated its support and commitment to peace, security and stability of Afghanistan; to promote inclusive Afghan-led, Afghan-owned and Afghan-controlled peace and reconciliation process and to assist in economic reconstruction of Afghanistan," she told the media after the Dialogue.

In recent times, India has increased its engagements with Central Asia, a region that is important for in terms of

--IANS

ab/prs

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 15 2019. 00:08 IST
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