Jairam to lead multi-sectoral delegation to Azerbaijan & Uzbekistan
09 Apr '07
2 min read
In Tashkent, Shri Ramesh will chair the Seventh Session of the India-Uzbekistan Intergovernmental Commission. Accompanied by senior officials of GAIL, Ministry of Petroleum & National Gas, he will pursue with the Uzbek government the projects identified by GAIL for investment in Uzbekistan in petrochemicals, LPG and city gas distribution.
In addition, GAIL has identified 4 natural gas exploration and production blocks as prospective ones in Uzbekistan on which it would like to move forward, Uzbekistan being one of the top natural gas producing countries in the world. ONGC Videsh is also interested in investing in gas fields in Uzbekistan.
In addition, Shri Ramesh will review the status of implementation of the MOU signed in November 2006 between the Uzbekistan government and The Cotton Textiles Export Promotion Council of India (TEXPROCIL) for enhancing cooperation in the cotton textile sector.
The public sector State Trading Corporation is also exploring a $10 million investment in Uzbekistan for cottonseed processing. An Indian private company Spentex has already acquired two cotton spinning factories in Uzbekistan investing close to $80 million.
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