Small industrial zone to be created in Yangiyer
04/04/2017 00:46
Small industrial zone to be created in Yangiyer
04/04/2017 00:46
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan is creating a small industrial zone in Yangiyer city of Syrdarya region.
President of Uzbekistan signed a resolution “On creating small industrial zone in Yangiyer city of Syrdarya region”.
According to the document, small industrial zone will be create to develop industrial potential of Yangiyer, form favourable conditions for attracting investments to create new production capacities by small businesses, create new jobs and increase income of population.
The resolution noted that the industrial zone will function within 30 years. The term of the functioning of the zone can be extended.
The document said that industrial production capacities of small businesses will be placed in the territory of industrial zone.
The projects on creating modern production capacities in the field of textile, footwear, leather products, chemical, food and electronics goods, construction materials, deep processing of fruits and vegetables, etc.
It is expected that over 207 projects with total cost of US$40 million will be implemented in small industrial zone.
Government will provide tax and customs preferences to participants of the zone, including they will be exempted from payment of land tax, income tax, property tax for legal entities, etc.
At import of equipment, raw materials, materials and spare parts, which are required in production process will be exempted from payment of customs duties. These preferences will be provided for three years if the investments volume exceeds 2,000 size of minimal salary.
If the revenue of the participant is lower than 1,000 size of minimal salary, the enterprise will stripped from preferences.
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