Uzbekistan seeks Indian investments in tourism sector
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.
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.
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
Up to 15% Returns on Investment
Fixed return investments fully backed by properties.
*15% p.a. paid at the end of the term on capital gain option*
Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.
"FM Logistic plans to strengthen its position in India by delivering on its post GST strategy of focusing on developing multi-client warehouses in the most important Indian Economic Zones," CEO Jean-Christophe Machet said. France-based FM Logistic Friday said it plans...
Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. According to a report in Bloomberg, citing people familiar with the matter, Naspers is looking...
Spanish fashion and fragrance company Puig SL has marked its entry into India by picking a minority stake in private equity-backed Kama Ayurveda Pvt. Ltd. Puig will infuse Rs 100 crore ($14.4 million at current exchange rate) as part of the transaction and will have...
UP TO 15% PER YEAR FIXED RETURN
3 year investment plan, ideal for first-time investors.
Flexible Payment Options
Option to receive interest payments monthly or quarterly.