Indorama Expands Investment in Uzbekistan’s Ferghana Region

Tashkent, Uzbekistan (UzDaily.com) — Delegations of major foreign companies and business circles visiting Uzbekistan as part of the V Tashkent International Investment Forum continue their work in the Ferghana region, where discussions are taking place on expanding investment cooperation.

The Hokim of the Ferghana region, Khayrullo Bozorov, held a meeting with the Vice Chairman of Singapore-based Indorama Corporation Pte. Ltd., Amit Lohia.

During the talks, the sides discussed bringing bilateral cooperation to a new level and expanding prospective investment projects in the region.

The significant role of Indorama in the economic development of the Ferghana region was noted. The company is actively involved in attracting foreign direct investment, introducing high-tech production, and creating new jobs with competitive working conditions.

Indorama Corporation is one of the world’s leading industrial groups operating in more than 40 countries in the textile, chemical production, and mineral fertilizer sectors.

The company is implementing projects in Uzbekistan, including the launch in 2011 of Indorama Kokand Textile in the city of Kokand, as well as the start of operations in 2019 of Indorama Kokand Fertilizers and Chemicals on the basis of the former Kokand superphosphate plant.

According to available data, the company’s total investment in the textile sector amounts to US$164 million, while investment in mineral fertilizer production amounts to US$80 million, totaling US$244 million. Around two thousand jobs have been created under these projects.