India-Uzbekistan virtual summit
India and Uzbekistan held their virtual summit on December 11, 2020. Both the countries discussed their bilateral relations.
Highlights
- The summit was focused on the extremism, terrorism and radicalism.
- Both the countries have signed agreements to step up the efforts of the bilateral investment treaty.
- The countries signed the agreements on the renewable energy, Community development projects, Digital Technologies, cyber security and digital technologies.
- India confirmed its approval of 448 million USD line of Credit. This line of credit will be extended to four development projects of Uzbekistan in the field of sewerage treatment, information technology and road construction.
- India also accepted the proposal of Uzbekistan to hold a trilateral dialogue between India, Iran and Uzbekistan. The trilateral platform will promote the connectivity through Chabahar port.
- Apart from that, India requested Uzbekistan to join the North-South Transport Corridor. This would help India to improve the connectivity in the Eurasian space.
India and Uzbekistan relation
India and Uzbekistan are engaged bilaterally at multiple platforms including the India-Central Asia Dialogue. Both the countries have set an annual trade target of 1 billion USD. India is trying to increase its relations with Uzbekistan which is a great challenge for India. Since, China has already strengthen its relation with Uzbekistan by availing the geographical contiguity with it. India and Uzbekistan, recently in 2019, signed three Memorandum of Understandings in the field of Defence. These MoUs seeks to enhance the cooperation in military medicine and education. Both the countries organizes the joint military exercise that was started in 2019. In 2019, they also signed a nuclear deal where Uzbekistan agreed to supply Uranium to India in long term.