Tashkent, Uzbekistan (UzDaily.com) -- A delegation of  Andijan region led by the regional khokim Shukhratbek Abdurakhmanov is visiting China.

A business forum was held in the city of Tianjin, which is an important industrial base of China, with the participation of business circles of the two countries.

The forum was attended by about 300 Chinese businessmen and representatives of leading companies, as well as a delegation from the Andijan region. Members of the regional delegation presented guarantees of investment in Uzbekistan and news.

The forum program also included meetings in B2B and G2B formats. As a result of negotiations, companies from Uzbekistan and China signed contracts and memorandums totaling US$1.2 billion. The documents were signed by companies such as Guoling IMP & EXP, Hebei Huigong Mechanical Equipment, Gao Shing, Shangdong Sinlu Co. Ltd, Zhejiang Jinlun Electromechanic, Xinjiang Tian Jiao Hong and Agricultural Technology.

As part of the signed documents, projects will be implemented for the production of leather shoes, batteries for electric vehicles and elevators, metal structures, cultivation and processing of red pepper, as well as the construction of hydroelectric power stations in 10 districts of Andijan region.

In addition, the delegation of Andijan region held negotiations with representatives of Sinopharm. The parties discussed issues of creating capacities for the production of pharmaceutical products in Andijan region. The parties agreed to implement a project worth US$50 million in Andijan region. The project will be implemented by Sinopharm and Makro Farm Andijon.

Negotiations were also held with Lanzhou Guangtong New Energy Automobile Co., Ltd to launch the production of electric buses in Andijan region. The parties signed a memorandum worth US$100 million.

As part of the memorandum, the parties intend to create capacity to produce 2,000 electric buses a year.

Lanzhou Guangtong New Energy Automobile plans to implement a project to produce electric scooters in  Andijan region. The project cost is US$100 million.

Khokim of Andijan region Shukhratbek Abdurakhmanov held a meeting with representatives of Gansu Yucun New Energy Technology Co., Ltd. As a result of the meeting, the parties signed a contract worth US$400 million. As part of the project, it is planned to install solar panels for 1,760 water wells in Andijan region.

The delegation of Andijan region, led by the regional khokim Shukhratbek Abdurakhmanov, also visited the furniture industry zone in Guangzhou and got acquainted with the activities of furniture companies.

The Uzbek delegation made a proposal to representatives of the SOOS FURNITURE for cooperation in establishing furniture production in the industrial zone that is being created in Altynkul district. The Chinese partners accepted the proposals of the Uzbek side. At the same time, the Chinese company expressed its readiness to create own capacities in other regions.