The Minister of Investments, Industry and Trade of Uzbekistan, Laziz Kudratov, held a meeting with a delegation from Al Alfia Holding, headed by its special representative Zeinab Al-Yusuf. The discussion took place on August 13, 2026, in Tashkent, Uzbekistan, and was dedicated to expanding investment partnership and launching new projects.
The Ministry of Investments, Industry and Trade of Uzbekistan reported that the parties discussed increasing the company's presence in Uzbekistan and implementing new investment initiatives. The main goal of the meeting was to advance already considered areas toward practical implementation, as well as to start entirely new projects.
One of the priority areas identified during the negotiations was the localization of the production of lubricants and chemical products using local raw materials and modern technologies. Furthermore, the parties considered the possibility of creating production facilities for equipment for oil and gas wellhead equipment.
Significant attention was paid to investment projects in New Tashkent. These projects include the development of real estate, commercial and hotel infrastructure, as well as logistics capacities.
At the conclusion of the meeting, the parties reached an agreement on further steps for developing the identified areas, exchanging technical and project information, and supporting new Uzbek-Qatari investment initiatives.
The Indian Adani Group has expressed interest in investing in new hydropower and pumped-storage energy projects in Uzbekistan, according to O‘zbekgidroenergo.
The negotiations took place in the city of Ahmadabad, India. A delegation from Uzbekistan, led by the Minister of Investment, Industry, and Trade Laziz Kudratov, met with the leaders of the Adani Group. Azimjon Akhmadjanov, First Deputy Chairman of the Board of JSC 'O‘zbekgidroenergo', also participated in the discussion.
Gautam Adani, founder of the Adani Group, emphasized the scale of reforms underway in Uzbekistan's hydropower sector, the industry's investment potential, and the conditions being created for foreign investors.
The parties discussed the implementation of modern technologies in hydropower, the construction of new energy facilities, and the realization of investment projects. Special attention was paid to the prospects of building new hydroelectric and pumped-storage power plants in Uzbekistan, with Adani stating its readiness to participate in such projects.
Furthermore, during the meetings, the role of hydropower in expanding Uzbekistan's green energy potential, ensuring the stability of the energy system, and the efficient use of renewable energy sources was examined. At the end of the meeting, the parties agreed to continue cooperation in developing partnership mechanisms for projects and jointly preparing and implementing investment initiatives.
A business forum took place in Tashkent between Kazakhstan and Uzbekistan, attended by representatives from over 110 large and medium-sized private companies from Kazakhstan. The event was organized as part of fulfilling the directives of the presidents of Uzbekistan and Kazakhstan aimed at increasing bilateral trade to 10 billion US dollars.
Forum participants noted that the next stage of economic interaction development should focus on deepening industrial cooperation and creating joint production of high value-added products.
The National Chamber of Entrepreneurs of Kazakhstan, "Atameken," proposed concentrating joint efforts on three main areas. These include ensuring transparent access for enterprises to raw materials and expanding industrial cooperation, digitizing transport and logistics infrastructure and customs procedures, as well as increasing mutual investments, launching joint production projects, and localizing businesses.
The Kazakh side also put forward a proposal to create a permanent expert working group and develop a joint roadmap for harmonizing tariff, raw material, and customs mechanisms.
A practical result of the forum was the signing of a memorandum of cooperation between the Uzbek company "Glasfit Energy" and the Kazakh enterprise "Armature Insulator Plant LLP." Following the forum, B2B negotiations took place, during which business representatives from Kazakhstan and Uzbekistan discussed opportunities for implementing joint projects, finding new partners, and expanding direct business ties.
A business forum between India and Uzbekistan took place in New Delhi on August 3rd. The event gathered representatives from governments and business leaders to discuss expanding trade, economic, and investment cooperation between the two countries.
Participants included Laziz Kudratov, the Minister of Investments, Industry, and Trade of Uzbekistan; Piyush Goyal, the Indian Minister of Commerce and Industry; senior representatives from the Federation of Indian Chambers of Commerce & Industry (FICCI) and Invest India, as well as over one hundred business representatives.
Attendees reviewed the current state of bilateral interaction, identified key areas for further development, and discussed measures to strengthen trade and investment ties. It was noted that bilateral trade increased by 30% last year, exceeding $1.3 billion USD for the first time. Both sides aim to bring trade turnover to $2 billion USD by simplifying trade procedures, improving market access, and reducing administrative barriers. A memorandum of understanding to facilitate trade is currently being prepared to achieve this goal.
The forum also highlighted the complementary nature of the two economies. Uzbekistan is interested in increasing exports of agricultural and food products, fertilizers, chemicals, non-ferrous metals, textiles, electrical equipment, and other industrial goods. In turn, imports from India could increase through supplies of pharmaceuticals, technology, machinery, and automotive components.
Investment cooperation attracted particular attention. Currently, about 400 enterprises with Indian capital operate in Uzbekistan, and the total value of joint investment projects exceeds $5 billion USD. Priority areas for future cooperation were named as metallurgy, mining, chemical industry, energy, digital infrastructure, pharmaceuticals, healthcare, mechanical engineering, and agriculture. The sides also discussed projects related to deep raw material processing, production localization, renewable energy development, data centers, modern medical facilities, and agro-industrial infrastructure.
During B2B and G2B meetings, business representatives and government officials examined specific initiatives, financing mechanisms, and potential cooperation models in detail. The Ministry of Investments, Industry, and Trade of Uzbekistan reaffirmed its commitment to supporting promising investment projects at all stages—from site selection and financial agreements to commissioning. At the conclusion of the forum, the parties agreed to focus on implementing the most advanced initiatives and further strengthening Uzbekistan-India business partnership.
