Uzbek diplomats presented promising project proposals to the Chinese holding company

Uzbek diplomats held a meeting in Beijing with the vice president of the holding company "China General Technology Group" (Genertec) on the prospects for the implementation of projects in the field of mechanical engineering, healthcare, pharmaceuticals and localization of production in Uzbekistan.

The Uzbek side presented promising project proposals, for which the project documentation is being prepared. In addition, the parties discussed the Agency's projects for the development of the pharmaceutical sector.

The Chinese company agreed to consider the projects proposed by the Uzbek side on import substitution of medicines, localization of assemblies of one of the budget models of cars "GAC" or "Jeely", as well as the creation of a production base of machine tools in Uzbekistan on the principles of investing in a new project or cooperation with Uzbek companies in these areas.

Genertec is a state-owned holding company specializing in mechanical engineering for various industries, engineering, construction and trade.

The company is included in the Fortune Global 500, it employs over 50 thousand employees. The company's turnover in 2020 amounted to $ 28 billion. Genertec has been actively working on the implementation of projects in Uzbekistan since 2003 in the railway, hydropower and construction sectors.