Archive · 4 Aug 2026
India Urges Doubling Trade with Uzbekistan in Three Years
The Indian government wants to trade twice as much with Uzbekistan in the next three years.
The trade between the two countries is about $1.5 billion right now, but they think it can grow a lot more.
The leaders said they will work together in many areas like mining, textiles, medicine, food, computers, and cars.
They also signed a treaty to make it easier for companies to invest in each other’s countries.
They want to remove rules that slow trade, agree on standards, and use digital tools to make customs faster.
Indian Commerce Minister Piyush Goyal invites Indian and Uzbek businesses to co‑invest, co‑manufacture, and co‑innovate.
He aims to double India‑Uzbekistan bilateral trade from $1.5 billion to a higher level within three years.
The two countries have signed a Bilateral Investment Treaty to boost investor confidence and long‑term partnerships.
Key sectors identified include mining, textiles, pharmaceuticals, agriculture, IT, and automotive components.
Goyal urges removal of trade barriers, mutual recognition of standards, and digital integration of customs systems.
- Who
- Commerce and Industry Minister Piyush Goyal and Uzbek Investment Minister Laziz Kudratov
- What
- Call to double India‑Uzbekistan trade and promote joint investment and innovation
- When
- Monday
- Where
- India‑Uzbekistan Business Forum, New Delhi
- Why
- To unlock untapped business potential and strengthen the strategic partnership
- Current bilateral trade
- $1.5 billion
- Target trade value
- double in 3 years
- Signed agreement
- Bilateral Investment Treaty
- Key sectors
- Mining, textiles, pharmaceuticals, agriculture, IT, automotive
- Trade barriers
- Eliminate, mutual recognition, digital customs
