Uzbekistan, POSCO International Discuss New Agricultural Investment Projects
Date
4/19/2023 1:03:16 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 19. Deputy Minister of
Agriculture of Uzbekistan Umid Mamadaminov held a meeting with the
leadership of the cotton and textile cluster created on the basis
of investments of the South Korean POSCO International corporation
during which they discussed new investment agricultural projects,
trend reports
with reference to the Uzbek media.
During the meeting, the cluster management presented plans to
expand activities for the next three years and implement investment
projects in the Tashkent, Kashkadarya, and Fergana regions with a
total value of $196 million.
The parties discussed the allocation of areas for cotton
cultivation in areas where it is planned to implement new projects,
as well as the use of arid lands with the use of water-saving
technologies.
Furthermore, an exchange of views took place at the meeting on
the possibility of restoring abandoned agricultural lands in the
Kasan district of the Kashkadarya region and ways of their
effective use.
Meanwhile, South Korean POSCO International corporation and
Uzbekistan last year signed an agreement worth $65 million on the
organization of a cotton cluster in Uzbekistan's Fergana
region.
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