NEWS AND EVENTS
September 30, 2010
Uzavtosanoat and Erae cs to establish joint venture
A two-day business forum on the development of car components production localization in Uzbekistan opened in Tashkent on 28 September.
The business forum was organized by Korea Trade-Investment Promotion Agency (KOTRA) and General Motors International Operations (GMIO) jointly with the government of Uzbekistan.
The event drew over 200 representatives of 50 companies including 70 Korean entrepreneurs from 28 companies from the Republic of Korea and General Motors\' nominated suppliers.
The participants of the business forum will hear Uzinfoinvest presentation on investment climate in Uzbekistan and Uzavtosanoat presentation on the development of local car industry.
Also, cooperation stock exchanged started its operation at technopark of Turin Polytechnic University within the framework of the business forum. The stock exchange plans to host a range of bilateral visits of Korean and Uzbek companies.
Korean entrepreneurs will also visit GM Uzbekistan production departments and a range of companies located in Andijan region. The participants of the business-forum plant to make a number of agreements on the establishment of new joint productions, including the contract between Uzavtosanoat and Erae cs (Korea) on the establishment of joint venture on the production of heat exchange systems.