Union Finance Minister Nirmala Sitharaman, during her address at the Uzbekistan-India Business Forum on Friday, emphasised the vast trade opportunities between India and Uzbekistan.
She pushed for increased trade and urged the chambers of commerce of both countries to create a roadmap to achieve the USD 3 billion trade target set by the leadership of the two countries.
Sharing a post on X, the Ministry of Finance said, “Union Minister of Finance and Corporate Affairs Nirmala Sitharaman addressed the Uzbekistan-India Business Forum after signing of a new bilateral investment treaty (BIT) between India and Uzbekistan in Samarkand.” “Addressing some notable companies from Uzbekistan, the Union Finance Minister encouraged meaningful interactions and collaboration between the industry members from the two nations,” the post added.
Uzbekistan-Union Minister of Finance and Corporate Affairs Smt. @nsitharaman addressed the Uzbekistan-India Business Forum after signing of a new Bilateral Investment Treaty #BIT between India and Uzbekistan, in Tashkent, yesterday.
Addressing some notable companies from… pic.twitter.com/8dyu5a0AKO
— Ministry of Finance (@FinMinIndia) September 28, 2024
BIT between India and Uzbekistan
Sitharaman highlighted the significance of the newly signed BIT between India and Uzbekistan and said that it is based on modern international investment standards.
“Urging the business communities on both sides to take advantage of BIT as it catapults investment relationships to a new trajectory, FM Nirmala Sitharaman said that the new BIT is based on modern international investment standards and provides strong protections to investors on both sides, fostering an atmosphere of trust and confidence. The signing of this treaty will unlock new opportunities in various sectors,” the post said.
