Samarkand region uses US$54.5m for industrial modernization in 2008

Tashkent, Uzbekistan (UzDaily.uz) -- About US$54.5 million were invested for development of industrial production and modern technologies in Samarkand region in 2008, UzA reported.

Pastdargom Sahovati, a venture created with Russian businesses, attracted investments for US$222,000.

The venture produces 50 tonnes of ready products per day. The report said part of products exported. The company plans to attract US$300,000 investments to expand production.

The venture plans to export products for US$3 million in 2009.