Oqil Plast Savdo to receive property of Yangi Tong
23/07/2012 16:38
Oqil Plast Savdo to receive property of Yangi Tong
23/07/2012 16:38
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan issued a resolution “On measures on development of production potential of Namangan region”.
The document was adopted for further developing industrial potential of Namangan region through creation production of competitive products, ensuring employment and increasing income of population.
In line with the document, real estate of Yangi Tong, which is owned by Norin district administration and owned by the government, will be realized to Oqil Plast Savdo on zero redemption price.
At the same time, Oqil Plast Savdo undertook investment obligation for US$300,000 and 500 million soums, which will be invested within a year.
These resources will be directed to repair of buildings and establishment, introduction of new technologies, production of soft drinks and creation of 100 new jobs.
The Government ordered the State Property Committee of Uzbekistan and Namangan regional administration to sign agreement and hand over rights to property after the company fulfills its obligations.
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