India interested in further developing cooperation with Uzbekistan: Modi

Prime Minister Narendra Modi has said that India is interested in further developing cooperation with Uzbekistan. PM Modi met Uzbekistan President Islam Karimov on the sidelines of Shanghai Cooperation Organization (SCO) summit yesterday. 

Mr Modi expressed candid appreciation to Mr Karimov for warm welcome. Mr Karimov said that Uzbekistan supports India’s efforts to join the SCO and this will increase the authority of the organization and serve to ensure peaceful life and welfare growth of region’s peoples.

Mr Karimov also highlighted that this meeting is a logical continuation of political negotiations on the highest level and a good opportunity to discuss the pace of implementation of reached agreements and to determine prospects of cooperation.

He said



Uzbekistan pays a special attention to relations with India. Trade-economic and investment cooperation between the countries has steadily improved. In the last five years, the mutual trade turnover increased two fold. 

In 2015 this indicator amounted to around 320 million US dollars. Over 100 enterprises with Indian capital and representative offices of 15 firms and companies of this country operate in Uzbekistan.

He also said that Investment cooperation is widening as well. A number of joint projects, targeted towards production of competitive industrial goods, are implemented in the country.

Assuring active support to India on world stage, he said Uzbekistan and India are strengthening cooperation within the frameworks of regional and international organizations.