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Ministries and industries in Uzbekistan will purchase local electrical engineering

For the sale of local electrical products in Uzbekistan, a guaranteed market is created with a volume of 15 trillion soums for procurement by ministries and industries, the president was said during the presentation. The annual export of electrical engineering is planned to be brought to $ 3 billion.

On January 11, President Shavkat Mirziyoyev got acquainted with the presentation of the results and further tasks in the electrical industry.

The share of this sphere in the total industry is 3.5%, and in the export of goods - 10%. Last year, 31 trillion soums were produced, exported to $ 1.3 billion. 516 million dollars of investment were mastered, 85 new enterprises were launched. Today, over 27 thousand people work in the industry, the report said.

The chairman of the Uzeltehsanoat Association Mirziyod Yunusov said that in 2025 it is planned to start 290 new projects with a total of $ 4 billion in the regions, to master $ 600 million and bring copper processing to 75%.

As part of the localization program, it is planned to implement investment projects worth $ 75 billion, while the share of the local component will be $ 28 billion, the press service of the head of state notes.

To expand the electrical cluster, additional land plots were allocated: 200 hectares in Akhangarans, 10 hectares in Ferghana and 4 hectares in Urgench. In the amount of 181 billion soums, an infrastructure was built.

Now, entrepreneurs will be allowed to build finished buildings in technology parks and sell them to enterprises of electrical and related sectors. Entrepreneurs who have introduced high -tech production are proposed to exempt from paying income tax and property tax for three years.

It is expected that this will open up opportunities for launching new projects, including in the Akhangaransky copper cluster of $ 68 million, as well as in Kashkadarya, Ferghana and Urgenche - $ 30 million.

For the sale of products, a guaranteed market with a volume of 15 trillion soums for procurement by ministries and industries is also created. The procedure for purchasing for social facilities of renewable energy equipment for local manufacturers is being developed.

The president emphasized that this industry is of particular importance for the "green" economy and sustainable development. He instructed to use all the possibilities in the field as much as possible, as well as provide entrepreneurs with additional conditions in terms of infrastructure, financing and raw materials.

Responsible persons noted that thanks to these measures, one can bring an annual export to $ 3 billion and production volume up to 50 trillion soums. The head of Uzeltehsanoat Mirziyad Yunusov in an interview with Uzbekistan 24 said that these indicators are planned to be achieved, including at the expense of new markets that will be open after Uzbekistan entered into the World Trade Organization.

By the Decree of the President of January 10, 2024, manufacturers of electrical engineering in Uzbekistan received preferential loans at the rate of 7% per annum and tax benefits until 2027.

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