Shavkat Mirziyoyev is holding a meeting on the socio-economic development of Andijan region, support for businesses and increasing household incomes. Presidential press secretary Sherzod Asadov reported this.
In the first half of the year, the region’s economy grew by 8.8% year-on-year. Industrial production increased by 9.2%, the services sector grew by more than 16%, while investment inflows rose by nearly 9%.
“What matters to us is not the growth figures, but the changes each indicator brings to the daily lives of every family”, Mirziyoyev said.
Since 2016, Andijan region has received 20 trillion soums from the state budget for development and another 90 trillion soums in bank loans. This year alone, 6 trillion soums has been allocated to programmes aimed at improving people’s welfare.
The president called for greater attention to the quality and composition of investments and their impact on the economy. In the near future, investment projects worth $7 billion are expected to be implemented on 1,000 hectares of land allocated for business, creating 70,000 high-paying jobs.
At the same time, the planned $3.5 billion in investments this year is not sufficiently diversified by country or sector.
For example, the IT sector is not receiving enough resources to strengthen its technological base despite the availability of qualified specialists. The president stressed the importance of attracting investment to industries based on modern technologies and generating high added value.
The government also plans to develop its own technologies based on 30 years of experience in the automotive and engineering industries. To this end, the authorities have been instructed to establish an “Engineering Valley” complex in Asaka, focusing on programming, electronics and electromechanics.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
