PXL/HO/Cir-031/2019-20 Date: 08.07.2019
Subject: Meeting with Visiting Delegates from Syrdarya region of Uzbekistan 12th July 2019, New Delhi
In recent times, Uzbekistan and India are striving to forge a greater collaboration in pharmaceuticals sector. While India has pitched the opportunities on the Make in India turf, Uzbekistan has offered plethora of incentives to attract investments from India in Pharmaceutical Sector. Through sustained bilateral interactions and institutionalized framework of Joint Working Group the opportunities for pharma sector for both Indian Uzbekistan looks highly promising.
We wish to again inform the members that a Uzbekistan has established unique investment climate and is willing to offer unprecedented incentives for Indian pharmaceutical companies, who are interested in getting to their market.
Salient points of the investment facilitation are as follows:
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.
We are pleased to inform that a very High Level Delegation from Governorship of Syrdarya region of the Republic of Uzbekistan is visiting Delhi and they are keen to meet pharma companies to provide details and discuss potential opportunities to establish business in Syrdarya region. The region offers great potential in establishing business in Syrdarya (no tax from 3 to 10 years, free buildings & land, low salary rates - around $100 per month). You may like to refer to a power-point presentation as attached on the Syrdarya Region. Please find the list of visiting delegates as well.
We take this opportunity to kindly invite you to participate in the interaction with visiting delegates at Pharmexcil’s office, 2nd Floor, H-28, Himalaya House, 23, K G Marg, New Delhi-1
Please confirm your participation on email@example.com 10th July 2019.
With best regards
List of Delegates