Uzbekistan's Localization Program Achieves Import Substitution Success
Tashkent, March 1 -- At the end of this year, products worth 940.1 billion soums will be produced under the localization program. Doniyor Shodiyev, head of "Uzmetkombinat" JSC, shared this information at a briefing at AOKA.
Additionally, new projects will acquire A-500 fittings worth 763.8 billion soums. The Republic's import volume will be acceptable at $60.4 million.
It's anticipated that by the end of 2024, import-substituting products worth $74.4 million will be produced due to import reduction measures. As of January 2024, $2.8 million worth of import substitution products were produced, meeting the forecast plan by 100%.
Published by HT Digital Content Services with permission from UzReport....
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