Localization: opportunities and prospects
28/03/2017 11:56
Localization: opportunities and prospects
28/03/2017 11:56
Tashkent, Uzbekistan (UzDaily.com) -- Increasing the level of localization of ready products plays a huge role in the further dynamic and sustainable development of the economy, reducing its dependence on external factors, accelerating the introduction of new, more efficient technologies in production processes.
That is why in Uzbekistan localization is one of the main directions of industrial development, and for this purpose, a regulatory and legal framework has created and is effectively operating in the country aimed at increasing the level of localization of production of ready products, spare parts and materials.
On the initiative of the UzLiDeP faction at the Legislative Chamber at Oliy Majlis of Uzbekistan and the Committee on industry, construction and trade organized a round table “State of localization of production of ready products, spare parts and materials”. The representatives of the Cabinet of Ministers, ministries, departments, committees and organizations, as well as experts and scholars attended the event.
During the round table, it was noted that Uzbekistan implemented 1,948 projects of localization within the localization programme for 2010-2019, which helped to produce import-replacing products for US$7.6 billion.
In the result, the production of localized products in Uzbekistan rose by 3 times. This helped to create over 13,000 new jobs.
MP of the UzLiDeP faction at the Legislative Chamber of the Oliy Majlis Kutlimurat Babashev noted that approaches to implementing localization programs ensure transparency, efficiency, simplification of procedures and ultimately serve to increase the effectiveness of measures aimed at further deepening the localization of production in the Republic of Uzbekistan.
According to the results of the round table participants developed recommendations for the further development of this sphere and improvement of its regulatory and legal framework.
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