NEW DELHI: India and Uzbekistan can leverage their complementary strengths to jointly capture global markets as the two countries hardly compete in any area, Union Minister for Commerce and Industry Piyush Goyal said on the sidelines of the India-Uzbekistan Business Forum.
Goyal said India and Uzbekistan share “very deep and emotional cultural ties” and a traditional friendship, while the two countries’ leaders also have a strong bond. He said the economic potential between India and Uzbekistan is “very promising” given the complementary strengths of the two economies.
“They have complementary strengths to India, we hardly compete in any area, so together we can look at capturing world markets,” Goyal said.
The comments came as representatives from the two countries explored opportunities to deepen trade and investment ties across several sectors.
Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov said there was strong interest among businesses from both countries, with more than 200 businessmen participating in the India-Uzbekistan Business Forum.
