Programme for industrial development of Surkhandarya region adopted

The document was adopted for further improving industrial potential of Surkhandarya region via creation of new, modernization and re-equipment of production capacities, deep processing mineral and raw materials, expand production of ready goods, competitive both in internal and external markets.

The resolution set important directions of further speeding up development of industrial potential of Surkhandarya region, which are:

• ensure comprehensive and effective use of production and resource potential of Surkhandarya region, create favorable conditions for further sustainable growth and diversification of industrial production, mainly due to the creation of modern high-tech industries for the production of products with high added value and competitive in the domestic and foreign markets;
• wide attraction of foreign investments, including direct, to create a new modern high-tech industries, technical and technological re-equipment, introduction of energy saving technologies;
• organization of new modern processing capacities of food industry, including fruit and vegetables, confectionery and dairy industry, with the expansion of the necessary raw materials for their future development;
• development of enterprises for the production of modern and demanded light industrial products, and other non-food consumer goods, expand raw material base for the development of the pharmaceutical industry.

The Government approved targeted programmes for creation of new, modernisation and re-equipment of existing capacities of industrial enterprises of Surkhandarya regin for 2015-2015 by the industries of real economy.

It is planned to implement 47 projects for US$21.641 million in food industry, which envisage creation of new and modernization of existing capacities in food industry, as well as expand its resource base. The projects will be financed due to own resources of the enterprises (US$8.068 million) and loans of the banks (US$13573 million).

About 37 projects for US$63.232 million will be implementing in the light industry and production of other non-food products. About US$42.245 million will be allocated by the commercial banks. The enterprises will direct US$19.297 million of own resources to realize the projects, while foreign investments will make up US$1.69 million.

Over 86 projects will be implemented in construction and finishing materials for US$261.346 million. The enterprises will direct US$38.548 million of own resources, US$132.798 million of loans of the banks and US$90 million of loan of the Fund for Reconstruction and Development of Uzbekistan.

Nine projects envisage creation of new and modernization of existing capacities of machinery and production of production-technical purpose, as well as chemical industry.

The cost of these projects is US$15.947 million. Own resources of the enterprises will make up US$14.957 million and the loans of the banks – US$990,000.

In the result of implementation of the programme, the production of industrial goods by 35.1% in 2017 compared to 2014.

In particular, production of consumer goods will grow by 43.9% in 2017 compared to 2014, construction materials – 40%, goods of production-technical purpose – 62.8% and non-food goods – 42.5%.