Kyrgyzstan and Uzbekistan launch JV in Osh

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TASHKENT (TCA) — An Uzbek-Kyrgyz joint industrial enterprise, Imzo, has opened in the city of Osh in southern Kyrgyzstan, Uzbekistan’s Jahon information agency reported.

The opening ceremony was attended by representatives of the Osh city administration, city council, Investment Promotion Agency, Imzo company (Uzbekistan), and business circles.

At the ceremony, Osh city Mayor Aitmamat Kadyrbayev stressed that the creation of Imzo joint industrial enterprise for the production of metal-plastic windows and doors became possible thanks to the political will and joint efforts of the Presidents of Uzbekistan and Kyrgyzstan to develop bilateral industrial cooperation and boost the business environment in both countries.

“Within the framework of the projected cooperation programs, the work on the establishment of joint ventures will be continued in the interests of the peoples of Kyrgyzstan and Uzbekistan,” the mayor said. “The people in our country are very happy and they speak about the policy of [Uzbek] President Shavkat Mirziyoyev with regard to the neighboring nations with great hope. The large-scale changes taking place lately in all walks of life in Uzbekistan and in Uzbek-Kyrgyz relations have a positive impact on the implementation of joint projects.”

More than 70 new jobs have been created in the Uzbek-Kyrgyz joint venture with two production lines. The manufacturing volume is set at 2 thousand square meters per month, however, the industrial capacities allow for producing up to 9 thousand square meters of products.

Sergey Kwan

TCA