Uzbekistan food industry attracts foreign investments for US$30.3m

In nine months of 2013, the sector attracted foreign investments for about US$30.3 million.

In the result, the modern capacities for processing 7,500 tonnes of milk, 2,300 tonnes of meat, 19,500 tonnes of fruits and vegetables were commission. The industry launched production of 83 types of new products and 11,000 new jobs were created.

According to the resolution of the President of Uzbekistan “On investment programme of Uzbekistan for 2013” from 21 November 2012, the association implemented 29 projects for US$70.13 million. Five of them were directed to launch of new production capacities.

In nine months of 2013, the enterprises of the food industry increased production by 8.5% year-on-year, UzA reported.

The sector increased production of refined oil by 12.3%, milk and milk products – 32.7%, meat and meat products – by 23%.

Within the localization programme, the sector increased production of confectionary goods by twofold, cheese – 2.2 times and butter – 2 times.