NEWS AND EVENTS
February 13, 2017
IN UZBEKISTAN THE ESTIMATED EFFECT OF IMPORT SUBSTITUTION REACHED $2.1 BILLION IN 2016
"Last year, national enterprises mastered the manufacturing of more than 80 new types of industrial products. They produced localized goods to a total of 6.14 trillion soums (currency rates of CB RU from 13.02.2017, 1$= 3294.74 soums) in 2016, with 1.5 times increase YOY," the Ministry of Economy reported.
Industrial production across diverse sectors, with gradual enhancement of the level of processing of local raw materials and expanded range of finished consumer products showed the highest rates.
They are, primarily, textile, clothes and leather goods (11.7% growth rate), foods, beverages and tobacco products (10.8%), pharmaceutical goods (23.9%), chemical products, rubber and plastic products (29.7%), other non-metallic mineral products (13.8%).
The implementation of projects on modernization, technical and technological upgrade of industry, as well as ‘Program of measures on cutting energy intensity, introduction of energy saving technologies in economy and social sector for 2015-2019’ have had an effect on the decrease in energy intensity of the republic's GDP by 7.4%, and reduction of the cost of products manufactured by large enterprises by an average of 10.6% YOY.
(Source: «Uzbekistan Today» newspaper)