Uzbekistan plans to radically revise its approach to companies with foreign capital. Although more than 18,000 such entities operate in the country, a significant portion has not made the expected contribution to export development and production localization, limiting themselves to trade or working solely for the domestic market.

President Shavkat Mirziyoyev discussed the issue of efficient use of foreign capital at a videoconference meeting. The head of state cited critical statistics: 526 operating production facilities with foreign investments have never exported their products, and another 767 companies are engaged only in importing and reselling goods.

The president emphasized that these enterprises have all the resources for growth — from financial capabilities to recognizable brands — and the state's task is to help them transform from trading agents into full-fledged manufacturers.

To this end, a special action program will be launched in the country. Companies currently importing finished products from abroad will be offered specific projects for their production inside Uzbekistan. For those that have already established production but are focused only on local consumers, targeted support measures will be developed to enter foreign markets.

A separate direction will be the development of industrial cooperation. Foreign companies will be more actively linked with local entrepreneurs for the joint production of components and spare parts. This approach will not only replace imports but also deeper integrate enterprises with foreign capital into the country's economic system, turning them into drivers of technological renewal and export revenue.

Source: podrobno.uz