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Technologies 20/06/2016 Uzeltekhsanoat to use investments for US$1bn till 2030
Uzeltekhsanoat to use investments for US$1bn till 2030
Tashkent, Uzbekistan (UzDaily.com) -- Joint stock company Uzeltekhsanoat (Uzbek Electrotechnical Industry) is planning to use investments for about US$1 billion till 2030.

According to Uzeltekhsanoat, currently the programme on developing the industry till 2030 was developed.

Within the programme, it is planned to direct investments for about US$1 billion to the sector. This will allow to launch production of 22 types of new products and increase production of goods by enterprises of the industry by 5.1 times.

Uzeltekhsanoat underlined that this will help to decrease the volume of imports.

Over the past 5 years, the companies within the industry started production of over 25 types of household appliances, which were previously imported. In the result, share of locally produced home appliances reached 40-45% in internal market of Uzbekistan.

According to the company, it is now implemented measures to further improve the level of saturation of the domestic consumer market with the local products. In particular, it is planned to bring production of air conditioners to 37.2% (growth - 8,6%) in 2016, the gas and electric stoves to 56% (+ 6.7%), television to 60.1% (+6.5 %), refrigerators and 32.5% (+ 4.6%) and washing machines to 65% (+ 3.1%).

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