Uzbekistan Ambassador Invites Indian Businesses to Explore Vast Investment and Trade Opportunities

Uzbekistan is positioning itself as a dynamic destination for Indian businesses eager to expand globally. The Ambassador emphasized during recent interactions with Indian trade bodies that Uzbekistan’s economy is booming, with a 7.6% growth in 2025 and ambitious plans to exceed $150 billion GDP by 2026.

The country currently hosts over 317 Indian enterprises, spanning industries such as pharmaceuticals, renewable energy, textiles, IT, mining, agriculture, and tourism. Investment-friendly policies, tax benefits, special economic zones, and infrastructure support create a highly conducive environment for business.

Key growth areas include pharmaceuticals where Uzbekistan is establishing innovation clusters like the Tashkent Pharma Park, renewable energy projects, and expanding agriculture. The Ambassador underscored the friendly most favored nation trade relationship and the expanding network of bilateral collaboration facilitating ease of doing business.

Indian companies are encouraged to capitalize on Uzbekistan’s reforms promoting private entrepreneurship, export potential, and technology transfer. The message to Indian businesses is clear: Uzbekistan offers unprecedented opportunities for diversification, joint ventures, and market expansion in Central Asia’s fastest-growing economy.

Key Highlights

Uzbekistan’s economy grew 7.6% in 2025; aims for $150 billion GDP by 2026.

Bilateral trade nearing $2 billion with over 317 Indian enterprises in Uzbekistan.

Key sectors: pharmaceuticals, renewable energy, textiles, IT, mining, agriculture, tourism.

Investment incentives include tax breaks, infrastructural support, and SEZs.

Tashkent Pharma Park is a major cluster for pharmaceutical innovation and production.

Most favored nation trade regime and strengthened bilateral ties facilitate trade and investment.

Uzbekistan welcomes Indian skills, technology, and capital for sustainable growth.

Sources: Uzbekistan Embassy in India, PHD Chamber of Commerce, Economic Times, SME Futures​