PXL/HO/Cir-085/2017-18 Date: 21.11.2017
Investment Opportunities in Uzbekistan
All the Members of Council,
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)