Minister wants to take trade relations forward with technology
Commerce and Industry Minister Piyush Goyal has identified seven emerging areas of cooperation to boost bilateral trade between India and Uzbekistan.
These are Digital Payments, Space Cooperation, Agri and Dairy, Pharma, Gems and Jewellery, MSME and Inter-regional cooperation.
Addressing the 13th session of India-Uzbekistan Inter governmental Commission (IGC) in New Delhi on 28 July 2022, Goyal pointed out that trade has increased to US$342 million in 2021-22 from US$247 million in 2019-20, a growth of 38.5%.
Trade relations are a natural outcome of strengthening of bilateral relations. “We need to take the relation forward in newer areas like technology, digital payment solutions and investment in start-ups,” stressed Goyal.
“We need to explore initiatives to improve Connectivity in facilitating trade between our countries,” said Goyal, terming India-Uzbekistan relations as key to India’s vision of integrated extended neighbourhood.
He also highlighted that this year is special to India-Uzbekistan relations, as both nations are celebrating 30th year of diplomatic relations. fiinews.com
