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Home » India » Uzbekistan seeks Indian investments in tourism sector

Uzbekistan seeks Indian investments in tourism sector

Feb 4, 2019 | Emerging Trends Advisors, India

Decade-old India and Uzbekistan trade and commerce relations are showing new dynamics now with $3 billion agreements signed between the two countries. Farhod Arziev, ambassador Extraordinary and Plenipotentiary of Uzbekistan to India said that tourism is one area where ties between the two countries are going to be strengthened.

“We welcome with open arms any and every kind of investment in Uzbekistan. Tourism in the country had grown exponentially at 200% in the last one year and we are short of 50,000 rooms. There is a great scope for Indians to invest in hotels, restaurants, guest houses, transport infrastructure and bring in airlines to cater to tourism,” said Arziev while interacting with industry members of PHDCCI-Rajasthan.

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Chairperson of the PHDCCI-Rajasthan, Jayshree Periwal said, “Barely two hours away, Uzbekistan is a great destination and we hope both the countries have much to gain, economically, socially and culturally.” Speaking with the representatives of the industry, the ambassador elucidated several sops that Uzbekistan is willing to extend to investors.

“The government would provide free land for hotels besides zero tax benefits for 15 years to registered investors. We would insure safety of investment and also promote those interested in hill resorts that abound with hot springs for spas or healing medical tourism. Developing tourism infrastructure is a priority,” said Arziev.

Article Source : timesofindia.indiatimes

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