Uzbek gave in principle concurrence to joining INSTC afghanistannews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afghanistannews.net Daily Mail and Mail on Sunday newspapers.
India and Uzbekistan sign nine agreements to strengthen strategic partnership Screen Grab (PMO India) Prime Minister Narendra Modi and Uzbekistan President Shavkat Mirziyoyev have expressed their continued commitment to take India-Uzbekistan strategic partnership to a new and higher level. A Joint Statement issued yesterday after the virtual Summit held between the two leaders said, India and Uzbekistan have agreed to work towards an early conclusion of Bilateral Investment Treaty to facilitate investment promotion and protection for further improvement of trade and economic cooperation. The Indian side confirmed the approval of a 448 million US dollar Line of Credit to be extended by India for four developmental projects in Uzbekistan in the fields of road construction, sewerage treatment and information technology. The Indian side reiterated its commitment to further deepen the development partnership between India and Uzbekistan, including under
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Tribune News Service
New Delhi, December 11
India and Uzbekistan signed nine MoUs along with confirmation of a $448 million line of credit (LoC) during a virtual summit on Friday between Prime Minister Narendra Modi and Uzbekistan President Shavkat Mirziyoyev.
Uzbekistan in-principle agreed to join the International North South Transport Corridor (INSTC), promoted by India, Russia and Iran, which is handicapped by less use. Uzbekistan’s use of the corridor would add to the overall improvement of connectivity in the larger Eurasian space, read a joint statement issued after the summit.
Uzbekistan has proposed a trilateral dialogue among India, Iran and Uzbekistan to promote connectivity through the India-operated Chabahar port, Adarsh Swaika, Joint Secretary (Eurasia) in the Ministry of External Affairs, told newspersons.