The “day of cooperation” was held at a high level
In Tashkent, the exhibition “day of cooperation” was held in order to combine production and create competitive products.
On November 5, with the support of the O’seltexsanoat Association, the exhibition “day of cooperation”was held. The exhibition was organized on the initiative of O’seltexsanoat and held at the production base of Artel Rohat
Representatives of companies that produce cable and wire products, household appliances, power equipment, and electrical engineering intend to cooperate in order to localize production, effectively develop and use local raw materials, materials, and components. The fair was attended by such companies as: Artel, YUQORICHIRCHIQ ENERGY SYSTEMS, JV Andijon Kabel JSC, FOTON JSC, Chirchiq Trasformator Zavod JSC, qoqon Tex-invest LLC, Elxolding LLC and many other responsible companies.
The exhibition featured components manufactured by Artel and other companies. This is where companies can exchange data about what components they produce, cooperate with each other, and engage in joint activities to further increase the localization of production.
According to the decree of the President Shavkat Mirziyoyev on may 1, 2019 “On measures for further development of industrial cooperation and production of marketable products”, the meeting discussed joint production as an important factor in the development and reform of economy of the Republic of Uzbekistan, as well as creating high-quality national products, able to compete with the foreign.
The growth of localized products in domestic industrial production contributes to the economic growth and development of the country. Co-production increases the share of local purchases and maximizes the use of internal resources, which reduces dependence on external factors. Competitive products of local production are more affordable in price compared to imported counterparts. This stimulates domestic demand and leads to filling the market with quality products. In addition, the implementation of this project promises the emergence of new industries around existing ones and the creation of new jobs.
An indicator of successful implementation of the program is not only the prosperity of the domestic economy, but also the active development of the external one. We plan to increase the volume of export-oriented products. Expanding the Republic’s foreign trade policy strengthens its financial position and is a valuable source of economic growth.
The early implementation of the planned goals will undoubtedly contribute to the development of cooperation ties in the industry, creating favorable conditions for the interaction of economic entities in order to produce products that are in demand in the domestic and foreign markets, which in turn will become an important condition for the accelerated development of the country’s economy.