Priority areas in the field of investment and industry have been identified

On February 27, President Shavkat Mirziyoyev held a meeting on attracting investment and industrial development.

In recent years, foreign direct investment in the amount of $31 billion has been attracted within the framework of sectoral programs. As a result of their development over the past 5 years, the volume of industrial production has increased by 1.4 times, and exports by 1.5 times.

In order to ensure stable economic growth in the next five years, the industry will have to increase by another 1.5 times and bring exports to $ 30 billion. This requires $120 billion of investment, including $70 billion of foreign investment.

This can be achieved through the implementation of a holistic policy in the field of investment, industry and exports. Therefore, in accordance with the Presidential Decree "On measures to implement administrative reforms of the New Uzbekistan", the Ministry of Investment, Industry and Trade was established.

The meeting identified the important tasks facing the Ministry based on the situation in the global economy and financial markets.

The task has been set to master foreign direct investment in the amount of $ 11 billion this year, to establish targeted work with large investors. The importance of strengthening economic diplomacy and the role of diplomatic missions abroad in attracting investment was pointed out.

By the end of the year, it is planned to launch 304 large and 3 thousand regional projects. According to their results, the production of products worth 10 trillion soums will be organized.

The Head of State gave instructions on using additional reserves in industries and regions, reducing the cost of production to increase its competitiveness.

The necessity of attracting foreign consultants and turning special and small industrial zones into "drivers" of regional development by concentrating newly created industries in them is emphasized.

The importance of mastering the production of new types of products in such industries as textile, leather industry, building materials industry, electrical engineering, food industry, pharmaceuticals and jewelry, entering new markets by attracting global brands was noted.

It was instructed to intensify the work of project groups to develop and promote new project proposals among investors.

The meeting also discussed issues of attracting investments in the social sphere. Instructions were given to form priority projects within the framework of programs for the development of education, healthcare, drinking water supply and road infrastructure.