What is the approximate total investment made by India in Uzbekistan as of September 2024, following the signing of the Bilateral Investment Treaty?
A Bilateral Investment Treaty was signed between India and Uzbekistan in September 2024 in Tashkent to boost economic relations.
The treaty aims to protect and safeguard the interests of Indian investors in Uzbekistan and Uzbek investors in India.
Nirmala Sitharaman was visiting Uzbekistan for the 9th Board of Governors meeting of the Asian Infrastructure Investment Bank (AIIB).
The treaty provides legal protection for investments, ensuring a level playing field and minimum standards of treatment for investors.
It includes an independent arbitration mechanism for dispute resolution related to investments.
India’s total investment in Uzbekistan is approximately $61 million, primarily in pharmaceuticals, amusement parks, and automobile components.