Rising Hongfa Heavy Machinery plans to implement investment projects in Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) -- Indian company Rising Hongfa Heavy Machinery is implementing a project to organize production of modern concrete materials in Uzbekistan.

The project cost will be about US$3 million. During the first official visit of the President of Uzbekistan Shavkat Mirziyoyev to India, Uzstroymaterialy and Rising Hongfa Heavy Machinery signed an agreement on organizing the production of modern concrete materials.

The investment project includes the construction of a modern plant for the production of new types of refractory, waterproof, insulating concrete wall slabs for the needs of the construction industry in 2020.

The preliminary location of the modern production is the city of Bekabad.

The delegation of Rising Hongfa Heavy Machinery visited Uzbekistan from 1 to 8 December to work on issues of the next phase of the project.

Representatives of the Indian company held meetings and negotiations in various departments and organizations.

At the Agency for Development of Pharmaceutical Industry, representatives of the delegation expressed their willingness to expand cooperation in this area, including the production of pharmaceuticals in Uzbekistan.

The parties agreed to exchange the necessary information on existing benefits and preferences in the pharmaceutical industry for investment cooperation.

The meeting at the Ministry of Health discussed the organization of training seminars for doctors and retraining of medical personnel in India.

During the meeting with the Deputy Chairman of the State Investment Committee Shamil Burnashev, the parties discussed the details of implementation of the investment project, including information, consulting and organizational support. The specialists from India, who will be involved in the project, will visit Uzbekistan.

The management of Rising Hongfa Heavy Machinery stressed that it is interested in developing cooperation in other sectors, including the modernization of medical institutions.

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