Now Reading: Uzbekistan woos Indian tech firms with tax breaks and SEZs
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Uzbekistan woos Indian tech firms with tax breaks and SEZs
Uzbekistan is actively courting Indian investment in fintech, AI, and digital infrastructure, Deputy Minister of Investment, Industry and Trade Shokhrukh Gulamov announced. The country offers preferential tax regimes, access to special economic…
The Story in Brief
Uzbekistan is actively courting Indian investment in fintech, AI, and digital infrastructure, Deputy Minister of Investment, Industry and Trade Shokhrukh Gulamov announced. The country offers preferential tax regimes, access to special economic zones (SEZs) with ready digital infrastructure, and regulatory support for pilot projects. These policies are designed to attract innovation-driven investments and encourage public-private partnerships in financial services, e-governance, and smart city projects.
Bilateral trade between India and Uzbekistan reached $1.317 billion in 2025, a 33.3% increase over 2024, with Indian exports at $164.6 million. By May 2026, 397 Indian-invested enterprises, including 311 joint ventures, were operating in Uzbekistan. Gulamov highlighted streamlined licensing procedures, investment protection frameworks, and access to skilled talent as key advantages for Indian firms looking to diversify outsourcing operations beyond traditional hubs.
The Indian Opinion
The narrative that Uzbekistan is just another Central Asian destination for Indian trade misses the point. The country is offering specific, tangible incentives like preferential tax regimes and ready digital infrastructure, not just vague promises. For Indian firms tired of saturated markets, this is a concrete alternative. The real test will be whether these SEZs actually deliver on the ground and if Indian companies can navigate the local regulatory maze, not just the volume of MOUs signed.
Source: millenniumpost.in
This story was synthesised by AI from the source linked above.
