Uzbekistan extends attractive incentives to Indian companies, including G&J companies

The World Trade Centre Mumbai hosted H.E. Mr Sardar Rustambaev, Ambassador of Uzbekistan to India to discuss emerging areas of economic cooperation between both countries and strategies to deepen bilateral partnership across various sectors.

On this occasion, H.E. Mr Rustambaev mentioned, “Uzbekistan is a strategic partner of India and we have friendly diplomatic and political relations. Last year, the number of weekly flights between India and Uzbekistan has grown three-fold to 18 and by March 2025 it will grow to 24. The objective of my visit is to strengthen bilateral economic relations especially with Maharashtra in next generation sectors such as quantum technologies, semiconductors, electronics and also in manufacturing. Uzbekistan is emerging as an attractive investment destination and one of the largest industrial hubs in the CIS

The Ambassador invited Indian gems and jewelry to invest in Uzbekistan. He mentioned, “Uzbekistan is one of the world’s leading producers of gold. We have traditional gems & jewelry craftsmen whose designs are popular in the CIS region. Indian gems & jewelry companies can bring their casting and AutoCAD technologies to Uzbekistan and collaborate with the craftsmen of Uzbekistan to manufacture and export gems & jewellery.”

During the event, leaders from India’s gems and lab-grown diamond industry expressed willingness to partner with Uzbekistan in terms of mining reserves, technology exchange, scaling up their operations and establishing manufacturing facilities in Uzbekistan. “I invite Letter of Intent from Indian gems and jewelry companies for partnership so that I can take this forward with the relevant Ministry in Uzbekistan,” the Ambassador assured.