Uzbekistan plans to implement new projects in the pharmaceutical industry

April 19, 2022 08:05 (UTC+04:00)


By Tendency

Uzbekistan plans to implement 34 new projects worth $80 million in the pharmaceutical industry in 2022, Tendency reports via the Uzbek President’s press service.

On April 12, President of Uzbekistan Shavkat Mirziyoyev held a meeting on the development of the pharmaceutical industry.

On January 21 this year, he signed a decree on the accelerated development of the pharmaceutical industry in 2022-2026. The document defines the task of increasing the domestic production of medicines by 3 times, bringing the level of supply of the domestic market to 80%.

The country annually consumes pharmaceutical products worth 1.6 billion dollars.

However, the indicators of production capacities in the regions of the country are recognized as absolutely unsatisfactory. In Kashkadarya, Surkhandarya, Khorezm, Bukhara and Fergana regions, local producers provide only 2-5% of regional consumption with their products.

In this regard, the Agency for the Development of the Pharmaceutical Industry of Uzbekistan was instructed to completely restructure the work with the projects. Measures have been identified to study the demand for drugs and develop their production.

In addition, the Uzbek Center for the Development of Investment Projects has prepared another 18 promising projects.

The President recommended the implementation of the projects in cooperation with companies from countries with developed pharmaceuticals, such as India, Germany, Turkey, China and South Korea. Credit resources of $200 million will be attracted to fund new projects and replenish working capital.

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