19 July 2019

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17 Jan  2019 783

Andijon-Pharm Free Economic Zone is established in Uzbekistan

The Decree signed by President Shavkat Mirziyoyev specifies the aims and operating conditions of Andijon-Pharm FZE.

It is noted that Andijon-Pharm FZE is established in order to create favorable conditions for active attraction of investments, primarily foreign direct investment from India, for implementation of investment projects on creating high-tech pharmaceutical enterprises, saturating the market with high-quality domestic pharmaceuticals, including based on deep processing of local plant materials, as well as integrated and efficient use of production and resource potential of Andijan region, creating new jobs on this basis and increasing incomes of the population of Uzbekistan.

The main objectives and areas of activities of Andijon-Pharm FEZ are:

– attraction of investments and advanced technologies of leading companies from the Republic of India for creation of modern industries on production of pharmaceutical products and medicines with high added value, including in “in-bulk” form;

– creation of new modern production facilities and capacity for processing medicinal plant materials and production of finished medicines, medical products, auxiliary and packaging materials;

– ensuring integrated and efficient use of production and resource potential of Andijan region in terms of growing medicinal plant materials in natural conditions for subsequent processing;

– deepening the process of localizing production of pharmaceutical products based on local medicinal plant materials and raw materials by establishing close cooperation and development of industrial cooperation between organizations of free pharmaceutical zone and the country as a whole;

– advanced development of engineering-communication, road transport and social infrastructure of Andijon-Pharm FEZ, as well as formation of modern infrastructure of high-quality logistics services on its territory;

– participation in training highly qualified specialists based on the current and future needs of Andijon-Pharm FEZ in specialized personnel, including through their internship at enterprises located on the territory of Andijon-Pharm FEZ.

It has been established that special tax and customs regimes are applied during the period of operation in the territory of Andijon-Pharm FEZ.

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