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• Uzbekistan offers incentives for fintech, AI and digital infrastructure firms, including preferential tax regimes and special economic zones
• Deputy Minister Shokhrukh Gulamov highlights policy push for joint ventures, public-private partnerships and digital infrastructure development
• India–Uzbekistan trade reached USD 1.317 billion in 2025, rising 33.3 per cent year-on-year with strong import-export growth
• 397 Indian-invested enterprises now operate in Uzbekistan as bilateral investment and connectivity deepen across sectors
Uzbekistan has positioned itself as a business-friendly destination for fintech, artificial intelligence and digital infrastructure companies, offering targeted incentives and regulatory support aimed at attracting foreign investment, including from Indian firms, according to the country’s Deputy Minister of Investment, Industry and Trade. Advertisement
Deputy Minister Shokhrukh Gulamov said the Central Asian nation has introduced preferential tax regimes, special economic zones equipped with digital infrastructure, and streamlined regulatory mechanisms to support pilot projects in emerging technology sectors. He stated that these measures are designed to create an ecosystem conducive to innovation-led investment and long-term collaboration.
Gulamov noted that government policies are actively promoting public-private partnerships in areas such as financial services, e-governance and smart city development. These initiatives, he said, are intended to encourage deployment of fintech and AI-based solutions while strengthening Uzbekistan’s broader digital transformation agenda.
He added that Indian companies, in particular, could benefit from diversified outsourcing opportunities beyond traditional South Asian markets, with access to cost-efficient operations and a skilled talent base capable of supporting high-value digital services. According to him, this positions Uzbekistan as a strategic base for regional technology expansion.
The official further said that investment frameworks in the country provide protection mechanisms for foreign investors, along with collaboration opportunities with local institutions, enabling faster scaling of operations in the technology sector.
On bilateral economic relations, Gulamov said trade between India and Uzbekistan has expanded steadily, supported by a growing institutional framework comprising 117 bilateral agreements. These include a Strategic Partnership Declaration signed in 2011 and an Investment Protection Agreement concluded in September 2024, along with ongoing coordination through the Intergovernmental Joint Commission and the Uzbekistan–India Business Council.
As of 2025, total bilateral trade reached USD 1.317 billion, marking a 33.3 per cent increase over the previous year. Exports stood at USD 164.6 million, rising 25.4 per cent year-on-year, while imports increased 34.6 per cent to USD 1.153 billion. In early 2026, trade volume was recorded at USD 300 million, indicating continued momentum.
Investment flows from India have also strengthened, with USD 292.9 million in direct investments realised in 2025. By May 2026, there were 397 Indian-invested enterprises operating in Uzbekistan, including 311 joint ventures, spanning sectors such as IT, pharmaceuticals and engineering.
Gulamov also highlighted improvements in connectivity, including a 51.2 per cent rise in freight volumes in 2025 and expanded air links, which are expected to further facilitate trade and investment flows between the two countries.
Source PTI
5th Jun, 2025
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