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Year of intensive development of industry and entrepreneurship announced in Fergana region

Year of intensive development of industry and entrepreneurship announced in Fergana region
May 07
18:05 2019

Fergana city hosts a session with participation of regional officials and public figures, heads of ministries and other government agencies, representatives of the older generation, and entrepreneurs.

President of the Republic of Uzbekistan Shavkat Mirziyoyev congratulated all those gathered and the entire nation on the start of the month of Ramadan and the upcoming Day of Memory and Honor.

It was noted that in 2018, industrial production in Fergana region grew by 8 percent, the services sector increased by 9 percent, and the volume of investments cashed in multiplied 1.5 times. However, in terms of gross regional product per capita, the region lags far behind the national level, in Kushtepa, Furkat, Altyaryk, Fergana and Yazyavan districts, manufacturing industry has lacked advancement.

In this regard, a new regional investment program for 2019-2020 has been developed, comprising 643 projects worth 26 trillion 401 billion soums. Under this program, it is planned to absorb 2.5 billion dollars of foreign direct investments and create more than 31,000 new jobs.

For example, in Fargona Yasin Qurilish Mollari enterprise in Besharyk district, a project worth 200 million dollars is scheduled to be realized to arrange for the production of 800 thousand tons of cement in the current year and 1.2 million tons from the next year. In Kokand, through the direct investment of Indorama, the Kokand Superphosphate Plant will be modernized with production capacity increasing from 100,000 to 375,000 tons of phosphate fertilizers per year. Shaffoff Omadli Sanoat enterprise in Uchkuprik district, by drawing in 30 million dollars of investments, intends to launch annual production of 350,000 gas cylinders for cars, as well as electric forklifts, mini-tractors and other equipment for agriculture.

President Shavkat Mirziyoyev instructed corresponding officials to work out and ensure the implementation of the network schedules for the realization of each project included in the program.

“For the entire year, Fergana region should work hard to attract investment, develop industry and entrepreneurship. By May 2020, khokimiyats and involved ministries will report. We’ll work this way for a year, and everything will become clear,” Shavkat Mirziyoyev said.

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