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Uzbekistan to source products from India

March 09, 2006 12:25 IST

Uzbekistan has given its assent to directly source products from India. The products include cotton, yarn, grain, flour, mineral fertilizers, polyethylene, liquid gas, raw silk and silk products, cable-conductor products, products of chemical industry, copper and zinc. The move is an attempt to increase the volume of bilateral trade between the two countries.

This step was indicated in the protocol of the sixth session of the inter-governmental commission on trade, economic, scientific and technological cooperation between Indian and Uzbekistan, signed in New Delhi on Wednesday.

India had asked the CIS state to hasten concrete proposals for Indian companies on gold mining inUzbekistan. The Uzbek side was requested to nominate their agency for signing an MoU with MMTC Ltd and National Mineral Development Corporation.

The two countries agreed to the setting up of a joint working group on hydrocarbons under the auspices of the inter-governmental commission. The move aims to tap the potential for cooperation in the oil and gas sector.

A delegation from GAIL (India) Ltd will visit Uzbekistan next month to explore the opportunities in construction of LPG plants, gas pipelines and gas processing facilities.

It was also agreed that Uzbekistan would initiate steps to liberalise its business and tourist visa regime for Indian nationals to promote business and tourism between the two countries.

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BS Economy Bureau in New Delhi
Source: source