OREANDA-NEWS. May 11, 2011. The forum of business circles of Uzbekistan and India was held at the International Business Centre in the capital.

The event, organized by the Ministry of foreign economic relations, investments and trade of Uzbekistan, focused on expansion of Uzbek-Indian trade-economic and investment cooperation.

The heads of ministries and departments, companies and concerns of the two countries responsible for economy, trade, investment, industry, information technologies and telecommunications, pharmaceutics, tourism, food processing, agriculture and water sectors, and textile industry attended the event.

Today, there are 62 joint ventures operating with Indian investments in Uzbekistan. About 20 companies of India have their offices in the country. They mainly specialize in industries like textile, food processing, tourism, pharmaceuticals, agriculture, trade and services.

Agreements on trade and economic cooperation, protection and promotion of investments, and avoidance of double taxation were signed between the two countries. In 2010, the trade turnover between the two countries increased by 21.1%.

Cooperation exchange with companies and enterprises of Uzbekistan and representatives of business circles of India was held at the end of the business forum.