ENA Global 2025-04-15 15:54:17 <p><span style="font-size:14px"><strong>New Delhi, Apr 15 (KNN)</strong> Indian conglomerates are setting their sights on Uzbekistan as a strategic destination for investment, with Reliance Industries leading the charge.</span></p> <p><span style="font-size:14px">The companys CEO, Prasad Panda, recently held high-level discussions with Shokhrukh Gulyamov, Uzbekistans Deputy Minister of Investment, Industry, and Trade, signalling a new phase of bilateral economic cooperation.</span></p> <p><span style="font-size:14px">The talks centered around bolstering Uzbekistans digital infrastructure and deploying large-scale telecommunications networks. The meeting explored potential projects in high-speed communication and next-gen data technologies, the Uzbek ministry said in an official statement.</span></p> <p><span style="font-size:14px">The dialogue also extended into the mining and energy sectors, which both parties view as high-potential areas for collaboration.</span></p> <p><span style="font-size:14px">With Uzbekistan reforming its energy landscape and targeting 25 per cent of electricity generation from renewables, Reliances involvement could support the country's green ambitions.</span></p> <p><span style="font-size:14px">The two sides agreed to establish a structured mechanism for ongoing cooperation, focusing on innovation, infrastructure, and sustainable resource management.</span></p> <p><span style="font-size:14px">Reliances interest underscores a broader confidence in Uzbekistans evolving investment climate. According to Statista, the country's communication services market is projected to reach USD 895.2 million in 2025, growing steadily to USD 1 billion by 2029.</span></p> <p><span style="font-size:14px">Uzbekistans push to modernise its energy and digital sectors comes amid broader economic reforms. The government is reducing dependence on state-run monopolies, encouraging private sector participation, and diversifying its energy mix&mdash;especially through solar and wind.</span></p> <p><span style="font-size:14px">As global firms explore new frontiers, Uzbekistans strategic location and reform-driven economy make it an increasingly attractive hub.</span></p> <p><span style="font-size:14px">The collaboration with Reliance could pave the way for deeper India-Uzbekistan ties and a more connected, sustainable future in Central Asia.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41751 https://knnindia.co.in/news/newsdetails/global/reliance-eyes-opportunities-in-digital-and-energy-sectors-in-uzbekistan 2025-04-15 15:54:17 knnindia.co.in