India - Uzbekistan Business and Cultural Council

Uzbekistan, a Central Asian nation, is known for its rich history along the Silk Road, stunning Islamic architecture, and vibrant culture. Major cities include Tashkent, Samarkand, and Bukhara. The country gained independence from the Soviet Union in 1991.

Ambassador and Consul General

The Global India Business Forum (GIBF) team met H.E. Sardor Mirzayusupovich Rustambaev, the newly-appointed Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to the Republic of India and presented GIBF’s Honorary Membership memento to him. On behalf of GIBF, Founder and Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari presented the memento and shared about GIBF’s initiatives in promoting the MSME sector worldwide through various activities, thus aiding in uplifting the global economies. They also informed him about the formation of business and cultural councils between India and other countries to promote trade and cultural relations. The ambassador accepted the honorary membership and assured complete cooperation in GIBF’s endeavours and collaboration. The India-Uzbekistan Business and Cultural Council has already been formed by GIBF and the former ambassador, H.E. Dilshod Akhatov.

embassy-of-uzbekistan-ambassador-and-consul-general

Gold, Non-Retail Pure Cotton Yarn, Petroleum Gas, Refined Copper, Silver.

Motor vehicles, parts and accessories, Packaged Medicaments, Cars, Wheat, Refined Petroleum.

About Uzbekistan

ABOUT Uzbekistan

Uzbekistan, located in Central Asia, is a doubly landlocked country bordered by Kazakhstan to the north, Kyrgyzstan to the northeast, Tajikistan to the southeast, Afghanistan to the south, and Turkmenistan to the southwest. It covers an area of 447,400 square kilometers and has a population of approximately 34 million people, making it the most populous country in Central Asia. The capital city is Tashkent, which is also the largest city.
Uzbekistan has a rich history that dates back to ancient times, with notable historical cities such as Samarkand, Bukhara, and Khiva playing crucial roles along the Silk Road trade route. The country is known for its stunning architecture, including intricate mosaics and grand madrasas.
Uzbekistan gained independence from the Soviet Union in 1991. Since then, it has been a presidential republic. The official language is Uzbek, and the majority religion is Islam. The economy relies heavily on natural resources, including cotton, gold, uranium, and natural gas.

Business Opportunities in Uzbekistan

BUSINESS OPPORTUNITIES IN Uzbekistan

As per the ease of doing business report by World Bank, Uzbekistan is one of the easiest places in the world to start a business. The following are some of the sectors where foreign investors could start a business –
Banking, Education, Tourism, Food Processing and Packaging, Construction, ICT, Chemical industry.

Exports and Imports In Uzbekistan

Overview In 2022, Uzbekistan was the number 72 economy in the world in terms of GDP (current US$), the number 83 in total exports, the number 74 in total imports, the number 143 economy in terms of GDP per capita (current US$) and the number 79 most complex economy according to the Economic Complexity Index (ECI).

Top Exports of Uzbekistan

The top exports of Uzbekistan are Gold ($5.18B), Non-Retail Pure Cotton Yarn ($1.39B), Petroleum Gas ($934M), Refined Copper ($596M), and Silver ($339M), exporting mostly to Switzerland ($4.29B), Russia ($2.6B), China ($1.98B), Turkey ($1.59B), and Kazakhstan ($1.25B).

Top Imports of Uzbekistan

The top imports of Uzbekistan are Motor vehicles; parts and accessories (8701 to 8705) ($1.28B), Packaged Medicaments ($1.16B), Cars ($1.12B), Wheat ($831M), and Refined Petroleum ($775M), importing mostly from China ($7.26B), Russia ($5.62B), Kazakhstan ($3.68B), South Korea ($2.26B), and Turkey ($1.89B).

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