Tashkent, Uzbekistan (UzDaily.com) - On 11 October, President of the Republic of Uzbekistan Shavkat Mirziyoyev received a delegation of the Singaporean company Indorama Corporation, led by its founder and chairman Shri Prakash Lohia.

Issues of further development of mutually beneficial cooperation with the leading Singapore company, which is a major investor and an important technological partner in the development of the chemical, textile and agricultural sectors of the economy of Uzbekistan, were considered.

It should be noted that in our country, Indorama Corporation has implemented large investment projects aimed at growing and deep processing of cotton fiber. The Kokand superphosphate plant is being modernized.

The head of our state supported the plans of the Singaporean investor to implement new projects in Uzbekistan, including projects to expand the capacity of Ferghanaazot, privatize industry enterprises, and organize modern production facilities in the textile and agricultural sectors.

As a result of the implementation of these projects, the total volume of direct investments of the company in our country will increase from the current US$600 million to US$850 million.

The importance of adopting a joint “road map” to promote priority investment cooperation projects was noted.