CUTTING-EDGE TECHNOLOGIES ON PREFERENTIAL TERMS
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Farms and machine-tractor fleets in five districts of the Tashkent region will receive preferential terms for leasing agricultural machinery.
The decision was made for timely and high-quality agrotechnical works, as well as for better provision of mechanized services to agricultural producers.
The machinery equipping program has included Akkurgan, Bekabad, Buka, Kuyichirchik and Chinaz districts of the Tashkent region.
Scheduled for three years ahead, the supplies will be financed by the State Procurement Fund for Agricultural Products and Agricultural Equipment under the Cabinet of Ministers, as well as loans of commercial banks and private funds of agricultural enterprises.
Funds for purchasing equipment for leasing will be allocated at a rate not exceeding 2% per annum. At the same time, Uzagroleasing will provide the lessees of the Tashkent region with specific contracts conditions: the repayment period for farms is up to 12 years, for machine and tractor fleets - up to 10 years.
The capacity of the agricultural machinery market in Uzbekistan is estimated at 10,000 units per year, including about 5,000 tractors and about 500 combines. At the same time, the potential capacity of the JSC Tashkent Tractor Plant (TTP), the country’s largest manufacturer, remains at the level of 12,000 tractors a year, while the real output does not exceed 2,500 machines per year. The annual import of equipment, mainly from Russia and China, is about 1,000-1,500 items per year.