PXL/HO/Cir-085/2017-18                                                                                                                            Date: 21.11.2017

All the Members of Council,

Dear Sir/Madam,

We wish to inform the members that a communication is received from Embassy of Uzbekistan in India stating that   Uzbekistan has established unique investment climate and is willing to offer unprecedented incentives for Indian pharmaceutical companies, who are interested in getting to our market. 

Salient points of the communication are given below:

• There are Seven new Free Economic Zones for Pharma sector
• Exemption from  all taxes and customs duties are available for Joint Ventures for a certain period 
• In the initial stages, Uzbekistan Government is encouraging   packaging facilities to be established by Indian companies.
• The maximum demanded level of localization is 36 percent, which could be reached in next 3-4 years. Rest of the  semi-ready products could be further continuously imported from their factories in India on duty-free basis. 
• Uzbekistan has a Free Trade Agreements with CIS countries, Georgia and Ukraine, which helps in reaching the growing market of Central Asia and Afghanistan and other CIS countries.

Members who are interested to know more about Investment / business opportunities in Uzbekistan may contact:

                                                   Mr. Avaz Khodjiev

                                                   Embassy of Uzbekistan to India

                                                   Counsellor (Trade & Economic)

                                                    avaz.uzbekistan@gmail.com

With regards

Udaya Bhaskar

Director General