Indian company LAVA International is interested in investing in the electrotechnical industry of Uzbekistan.
On 6 December, the State Committee on Investments of the Republic of Uzbekistan held a meeting with the Chief Financial Officer of the LAVA International company, Ajay Dua, and the head of the business department, Dsois Lloyd.
The sides discussed establishment and further strengthening of bilateral cooperation, including participation of an Indian company in the implementation in Uzbekistan of joint investment projects in the electrical industry.
Ajay Dua announced plans for the near future to enter the market of Central Asia. He noted that Uzbekistan is the most promising country in the region, taking into account ongoing reforms, growing economic potential and competitive advantages.
The Uzbek side provided detailed information on competitive advantages, created conditions for foreign investors in Uzbekistan, benefits and preferences, including in the electrical industry, wages, the cost of engineering communications.
According to the investor, at the first stages of the investment project, based on the results of the study, it is planned to organize medium-term training courses (from 6 to 9 months) for Uzbek specialists in assembling and producing mobile phones with their subsequent employment.
The Committee proposed to consider the issue of negotiations and the possibility of reaching an agreement with the Ministry of Higher and Secondary Special Education on training engineering students from Uzbekistan at the plants of LAVA International in India or other regions.
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