India and Uzbekistan Sign Bilateral Investment Treaty to Enhance Economic Cooperation
| Category | Details |
|---|---|
| Event | India and Uzbekistan signed a Bilateral Investment Treaty (BIT) |
| Signatories | Indian Finance Minister Nirmala Sitharaman and Uzbekistan's Deputy Prime Minister Khodjayev Jamshid Abdukhakimovich |
| Location | Tashkent, Uzbekistan |
| Key Provisions | - Protection from Expropriation - Transparency and Compensation - Balanced Regulatory Rights |
| Economic Context | - India's ODI in Uzbekistan: $20 million (as of August 2024) - Bilateral Trade: $756.60 million (2023) |
| Bilateral Trade | Indian Exports: Pharmaceuticals, vehicle parts, mechanical equipment Imports: Fruits, vegetables, fertilizers, lubricants |
| Indian Investments | Total investments: $61 million Sectors: Pharmaceuticals, textiles, agriculture, mining |
| Cultural Engagement | - Visit to Lal Bahadur Shastri's memorial in Tashkent - Interaction with students at Shastri School |
| Uzbekistan Overview | Capital: Tashkent President: Shavkat Mirziyoyev Language: Uzbek Currency: Uzbekistani Som (UZS) Population: ~35 million (2023) Economy: Agriculture (cotton, wheat), natural resources (gold, gas), manufacturing Exports: Cotton, natural gas, gold, fertilizers, fruits Imports: Machinery, chemicals, foodstuffs, vehicles Cultural Heritage: Silk Road cities (Samarkand, Bukhara) |