Financial Daily from THE HINDU group of publications
Thursday, Mar 09, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Foreign Trade


India, Uzbekistan sign protocol for cooperation

Our Bureau

The two sides agree to constitute a Joint Working Group on hydrocarbons


A delegation from GAIL (India) Ltd would visit Uzbekistan next month to explore the opportunities in construction of LPG plants, gas pipelines and gas processing facilities.

New Delhi , March 8

Uzbekistan has agreed to directly source a large number of products from India including cotton, yarn, grain, flour, mineral, fertilisers, polyethylene, liquid gas, raw silk and silk products, cable-conductor products, copper, zinc and the products of chemical industry.

This is indicated in the Protocol of the Sixth Session of the Inter-governmental Commission on Trade, Economic, Scientific and Technological cooperation between India and Uzbekistan, which was signed here on Wednesday.The Protocol was signed by Mr Jairam Ramesh, Minister of State for Commerce and Co-Chairman of the Commission from Indian side, and Dr Ashier Erkinovich Shaykhov, Minister of Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan and Co-chairman of the Commission from Uzbek side.

To expedite concrete proposals for Indian companies in mining of gold in Uzbekistan, the Uzbek side was requested to nominate their agency for signing the MoU with MMTC Ltd and National Mineral Development Corporation (NMDC) from Indian side. To tap the huge potential for cooperation in the oil and gas sector, the two sides agreed to the constitution of a Joint Working Group on hydrocarbons.

It was also decided that a delegation from GAIL (India) Ltd would visit Uzbekistan next month to explore the opportunities in construction of LPG plants, gas pipelines and gas processing facilities.

Earlier on Tuesday, the two countries resolved to build on their centuries-old cultural and trade relations by forging a mutually beneficial economic co-operation in their respective areas of strength encompassing information technology, oil and gas sector.

Addressing the sixth session of the inter-governmental commission on trade, economic, scientific and technological co-operation between India and Uzbekistan here Mr Jairam Ramesh, expressed satisfaction over the progress made in setting up of Indo-Uzbek IT Centre in the Tashkent University of Information Technology (TUIT) with a grant of Rs 3 crore.

Mr Ramesh told Dr Shaykhov that experts from C-DAC, Pune, are scheduled to arrive in Tashkent next month to install equipment and to conduct IT training courses. Eight faculty members from TUIT have already completed advanced IT training from C-DAC.

The Uzbek side offered to extend full co-operation for encouraging investment by Indian IT companies in Uzbekistan and to make Uzbekistan their base for further expansion into the Commonwealth of Independent countries. Mr Ramesh proposed that Indo-Uzbek IT Centre in Tashkent be named after Pandit Jawaharlal Nehru and the Uzbek Minister welcomed this.

Visit to Uzbekistan

To facilitate bilateral trade, Mr Ramesh proposed that Indian businessmen intending to visit Uzbekistan be granted on visas on the basis of letters issued by the recognised Indian Chamber of Commerce and Industry.

Besides tapping the huge potential for co-operation in the oil and gas sectors, the two sides also resolved to concentrate on textiles (cotton and silk) and garments, pharmaceuticals and hospital equipment, healthcare, food processing, construction and industrial processing of minerals.

More Stories on : Foreign Trade

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
La Nina indicators neutral: Forecast


Geojit to set up broking firm in Saudi
Service tax on ATM not to hit users
Budget meet in Mangalore
BL Club Budget talk in Chennai
`Bland budget with very little for the poor'
Kerala Cabinet for 2-day Assembly session
Coir Board to host IECA Indian chapter
`Australia offers great scope for India in services'
India, Chile ink trade pact
Trade with US: India likely to overtake China
India, Uzbekistan sign protocol for cooperation
Indo-GCC meet to focus on tourism, industry
World Kidney Day today
No plans to make OVL independent: Ministry
Govt issues special bonds for oil marketing cos
Now, gifts, bumper prizes from pharma chain!
AP Genco, IL&FS sign up for two mega power projects
Centre relaxes clearance norms to speed up power projects
Indo-US N-deal indicates changing global equations
DY Patil group to open intl school in Pune
Oxford needs more students
Wockhardt's super speciality hospital in Bangalore
Property expo in Hyderabad
SC ruling boost to NTC revamp plans: CMD
Rajeswari Foundations firm on township project
DS Kulkarni Developers plans rights
`Quota abolition yet to benefit garment sector'
Tile industry irked by duty structure
Iron ore movement to Paradip hit
HDFC Bank eyes 50 pc rise in cards
IIMB programme for women
Indian women more focused in career: Study
Proud moment
Grooming women as tourist guides
HelpAge plans SHGs for elderly
`Computerisation of I-T dept by year-end'
Britain steps up efforts to woo Indian tourists



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line