Uzbekistan to launch production of disposable medical products
10/01/2014 17:07
Uzbekistan to launch production of disposable medical products
10/01/2014 17:07
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan is planning to launch production of disposable products of medical purpose in 2014-2015.
The project with the cost of US$1.2 million will be realized at the territory of special industrial zone Jizzakh. China’s Zhangjiangang Juiyi Machinery Manufacturing Co. Ltd will participate in implementation of the project. It will invest US$700,000 to the project.
The enterprise will produce up to 10 million units of disposable products of medical purpose a year. In particular, the enterprise will produce shoe covers, face masks, caps, coats, bed-sheets and other goods.
President of Uzbekistan Islam Karimov signed a decree for creation of new special industrial zone Jizzakh on 18 March 2013 with the branch in Syrdarya region.
The zone was created in line with a memorandum of understanding on implementation of project on creation of Uzbek-Chinese industrial park in Uzbekistan. It was created to form favourable conditions for attracting foreign and local investments to creation of high technologic industrial capacities, production of competitive products with high added price, complex and effective use production and resource potential of Jizzakh and Syrdarya regions.
The special zone was created for 30 years with possibility of extension. The decree set tax and customs preferences for enterprises, operating in the zone. The enterprises, located in the zone, will be exempted from payment of income tax, property tax, tax for accomplishment and social infrastructure, single tax, and mandatory payments to Road Fund.
They will be also exempted from payment of customs duties for imported materials, equipment and spare parts, which are not produced in Uzbekistan.
The preferences will be provided from three to seven years based on the volume of investments. The investors will be get these preferences for three years, if they invest US$300,000, five years – for investments from US$3 to US$10 million and seven years – for investments for above US$10 million.
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