Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textile Piyush Goyal has said increasing cooperation in seven emerging areas like Digital Payments, Space Cooperation, Agri and Dairy, Pharma, Gems and Jewellery, MSME (Micro Small and Medium Enterprises) and Inter-regional cooperation between India and Uzbekistan will help boost economic ties.
The minister also said that both the nations should explore ways to improve connectivity for facilitating trade. Moreover, he said that despite the COVID pandemic, interactions and trade have increased in the last few years.
Bilateral trade between India and Uzbekistan rose from $247 million in 2019-20 to $342 million in 2021-22, a growth of 38.5 per cent. Besides, he mentioned good relations with Uzbekistan is key to India’s vision of an integrated extended neighbourhood.