Aiming to deepen bilateral relations, India and Uzbekistan have decided to elevate their ties to a comprehensive strategic partnership across trade, economy and investment, transport connectivity, digital transformation (IT, AI, space, cybersecurity), energy transition, critical minerals, food security, healthcare, pharmaceuticals and education. Both sides will also elevate their existing joint commission from the level of secretaries to that of ministerial level. Further, they have agreed to establish Foreign Ministers led mechanism to provide high level coordination and oversight of the implementation of the agreements and arrangements reached between the two countries, as well as to facilitate the timely realisation of priority bilateral initiatives and projects.
Both countries have agreed to explore for cooperation in the fields of geology, mining, nuclear energy, industrial cooperation, and critical & strategic minerals, including projects for the processing of mineral resources, production of value- added products and recycling initiatives. Moreover, they are in the process of establishing a framework for long-term supply of Uranium. Besides, they emphasized the importance of enhancing and diversifying bilateral trade by identifying and harnessing new opportunities. They also expressed their interest in strengthening cooperation in the fields of e-commerce, the digitalization of trade procedures, and the introduction of digital platforms to support small and medium-sized enterprises and facilitate bilateral trade.
India and Uzbekistan have set a target of $5 billion in bilateral trade by 2030 and will systematically address issues related to market access, connectivity, banking, and payment systems, to achieve the target. Meanwhile, the bilateral trade between both countries stood at around $1.32 billion during 2025 with Indian exports valuing at around $1.15 billion, while imports stood at $164.60 million. Further, total Indian investments in Uzbekistan amount to around $451 million. Indian investments by Indian companies include in pharmaceuticals, healthcare, education and residential building.
