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NEWS AND EVENTS
June 16, 2014
The Nation’s Development Indicator
On June 11, the sixth industrial fair opened in Tashkent. This time, the exposition features products manufactured in the country’s fuel and energy sector, as well as chemical, petrochemical, mining and metallurgical industries.

Being held in Uzexpocentre pavilions, this fair is usually one of the most notable of the series of ones of the first stage of the International Industrial Fair and Cooperation Exchange in terms of the number of visitors and participating companies presenting their products. Last year, for instance, 127 manufacturers took part in the fair. They showed 1,880 goods, 80 of which were new – they had been launched under the production localization program. Around 4,600 people visited the event then, with a large number of them being representatives of foreign companies.

The fair is also remarkable for the sums of the industrial cooperation and export agreements concluded at it. In 2013, the total value of the deals exceeded 57.3 billion soums and $4.7 million, respectively. The event is like the final chord of the first stage of the International Industrial Fair and Cooperation Exchange. Following it, experts sum up the interim results of the whole series of the fairs, analyze them, and prepare for the second stage of it – the largest fair of the International Industrial Fair and Cooperation Exchange.

“Year by year, local and foreign manufacturers are getting more and more interested in developing industrial cooperation and expanding their circle of business associates in the areas of trade, building new manufacturing facilities and launching new products,” said Anvar Sharipov, deputy chief of technical policy department of the headquarters of Uzbekneftegaz, the national holding company. “Our company is one of the leaders in these areas. The values of the agreements we conclude at the fair increase every year, which allows our sector to gradually cut the export of materials and components, and so to save foreign currency and create new jobs.” Besides, the fair is a kind of the country’s development indicator, for the innovative projects, new products, as well as modernization, investment and many other initiatives offered at the fair by the local industrial giants – Uzbekenergo, Uzbekneftegaz, Olmaliq and Navoi mining and metallurgical plants, Uzkimyosanoat, and Uzmetkombinat – are connected with the general state of the economy, its investment and business climate. Thanks to the technological modernization and energy-efficiency solutions found to bolster Uzbekistan’s industrial sectors, the republic’s GDP constantly grows – despite the negative factors of the global markets.

“Our company presents its traditional products, which are demanded in various industries of the country. They are rolled ferrous metal products, grinding balls, copper and copper-containing alloy products, welding rods, steel enameled domestic containers, nails and many other items,” said Nariman Umerov, head of investment department of Uzmetkombinat. “The production of these products was launched – or to be launched in the medium term – under the production localization program. For the first three month of this year, our company manufactured 2.17 billion soums’ worth of localized products, which was 18.4% higher than we had planned. We have begun the production of two types of copper foil, for instance. The company has also spent 3.38 billion soums on re-equipment.” (Currency rates of CB from 16.06.2014 1$= 2304.44 soums).

Many experts point out that Uzbekistan’s economy does not use many of its resources yet. The key to exploring them is further development of the domestic industrial cooperation and consequent substitution of the imports with localized production, which will stimulate the manufacturers to introduce energy-efficient technologies, develop alternative energy sources and use advanced quality management systems. That is what the fairs held in Uzbekistan are aimed at.

(Source: “Uzbekistan Today” newspaper)


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