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NEWS AND EVENTS
November 13, 2014
An Industrial Tomorrow
The Eighth International Industrial Fair and Cooperation Exchange wraps up.

Uzbekistan’s industrial policy is oriented, first of all, toward rectifying the uneven development of its provinces as well as boosting the competitiveness of its economy under open-market conditions.

Cooperation between the enterprises of the economy’s real sector and small businesses is crucial to the endeavors to achieve these goals. This kind of interaction is helping to set up new types of production and manufacture products in demand.

With the development of the global market at its peak and countries integrating with a single global system of industrial production, Uzbekistan’s real sector faces new tasks. It is important to not only secure swift technological growth with the help of imported technologies and cutting-edge equipment, which no longer provides a considerable competitive edge in foreign markets, but also to switch to a new model of industrial production based on innovative development. Bringing together leading domestic and international companies, representatives of research institutions, construction entities and small businesses and encouraging them to come up with fresh ideas and discuss collaborative projects and initiatives is the mission that the Eighth International Industrial Fair and Cooperation Exchange (EIIFC) gave itself in Tashkent.

It is hard to overestimate the effectiveness and relevance of this platform.

There is a simple example: successful businesspeople will never waste time for the activities that profit nothing. The annual dynamics of the number of participating enterprises and companies speaks for itself. More than 1.3 thousand participants presented their products in 2013, while at the latest fair their number exceeded 1.7 thousand. They exhibited over 20 thousand items of products, including 1,270 new samples, the production of which has been established in 2014.

Close attention of international companies is another vivid indicator of the success of the expo. For seven days IIFCE was attended by more than 95 thousand people, including the more than 1.2 thousand representatives of corporations and holding companies from Germany, UK, China, Korea, India, Japan, Turkey, UAE, Czech Republic, CIS countries and other nations. They were offered 80 presentations of the leading industries, promising small businesses, regions of the country, where they learned about the investment potential and prospects of joint production of import-substituting competitive products at the domestic enterprises.

At this year’s trade show the organizers drew attention to the information support of exhibitors of the Cooperation Exchange. They arranged consultations of experts of the ministries and departments, banks, insurance and leasing companies, as well as organizations specializing in standardization and certification. This is a very important step, since today, when implementing innovative projects, many companies are challenged by the lack of information on how to properly process a loan, register a product, and pass a certification procedure for exporting their products.

The number of contracts on product sale, concluded under the Eighth International Industrial Fair and Cooperation Exchange, was 1.38 times as many as in 2013. Moreover, the number of export deals has increased 1.13 times. Along with the traditional list of signed pacts, the participants reached agreements on exporting the products, the manufacture of which has just been launched. They are special cars based on ISUZU and MAN vehicles, Gentra cars, new kinds of household appliances: refrigerators, air conditioners, gas stoves, LED TVs, mobile phones, cable and wiring products, assembled concrete structures, a wide range of textiles, fruits and vegetables, household detergents, and others.

In addition to its immediate purpose, IIFCE fulfills another important function. It helps to create the market infrastructure needed for the establishment and expansion of long-term economic relations, provides access to raw materials and credit resources. It is no coincidence that the implementation of localization projects has intensified since the start of IIFCE across the country, and particularly in the regions. In the first nine months of 2014 the nation’s enterprises have manufactured finished goods valued at two trillion soums under 443 projects, in the framework of the Production Localization Program of Goods, Components and Materials for 2014-2016 (currency rates of CB RU from 13.11.2014 1$= 2392.50 soums). The estimated effect of import substitution has exceeded $870 million. Enterprises have launched the manufacture of 525 new kinds of localized products, including electric ovens, gas and electric stoves, air conditioners, electric engines and pumps, welding wire, antifreeze for cars, artificial lawns for sports fields, rubber based flooring, sports equipment and other products.

(Source: «Uzbekistan Today» newspaper)


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