INVESTING IN REAL SECTOR BECAME A CATALYST FOR THE ECONOMY OF UZBEKISTAN

The results of the socio-economic development of our country for the first quarter of the year, voiced at the recent meeting of Cabinet of Ministers have caused a wide resonance in the international community.

The steady growth of Uzbekistan’s economy in recent years has confirmed the effectiveness of our country’s own development model, - noted Zulkifli bin Baharudin, Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to the Republic of Uzbekistan (with residence in Singapore) in the interview with Jahon Information Agency. - Deeply thought and active investment policy allowed the country to attract huge foreign investments in the real sector of the economy, including from Singapore. This phenomenon has become an effective catalyst for the advancement of the national economy.

— The fact that the GDP of Uzbekistan increased by 7.5% in the first quarter of 2016 against the backdrop of the downturn in the economic development of most countries is impressive and commendable, - said the Ambassador.

CEO of Indorama Industries Prakash Kejriwal stressed that the measures taken in Uzbekistan to improve the investment climate and enhance the working conditions of foreign companies provide the ability to launch new investment projects.

— A joint venture Indorama Kokand Textile established in 2011 is a striking example of successful operation. The company employs over a thousand people. Its products are exported to many countries. We intend to continue mutually beneficial cooperation with Uzbekistan in the textile industry, to expand the range and increase the volume of production, - the businessman said.

Jahon Information Agency