Demand for semiconductors, electronic boards in Uzbekistan and neighboring markets estimated at $6 billion

BUSINESS 10:51 / 27.09.2022 7608

At the meeting, the chairman of the association Uzeltekhsanoat presented a report on the upcoming work in the industry and targets for the coming years. It was noted that 205 projects worth $1.2 billion are being implemented today, it is planned to localize new products and spare parts, and increase exports to $1 billion in 2023.

The head of state supported promising projects and outlined priority tasks.

“If the production of household appliances has increased, then the purchasing power of the population has increased. In recent years, our electrical industry has received a new breath. Now it is necessary to develop, increase production, create added value. The ultimate goal is jobs,” Shavkat Mirziyoyev said.

An analysis of the situation on world markets shows that exports can be increased to $1.5 billion in two years. The country also has a $1.3 billion import market. To profitably take advantage of these opportunities, products must first of all be of high quality and well-known. Therefore, the President emphasized the need to create new local and attract foreign brands, produce products of proper quality, and earn the trust of customers.

Demand for semiconductors and electronic boards in Uzbekistan and neighboring markets is estimated at $6 billion. In this regard, instructions were given to increase the number of such enterprises, to finance scientific, experimental-design and start-up projects in the field of electronics and microelectronics. Instructions were given on labeling household appliances, expanding insurance and export crediting. Where there are household appliances, there is always a demand for after-sales service. It was noted that training young people in this direction in vocational schools will become an important factor in ensuring their employment.

The presidential decree of September 9 this year approved a program to expand the use of renewable energy sources. It provides for the installation of devices based on such sources in 34,000 households, 6,000 objects of ministries and departments. The population will be provided with compensation and the possibility of interest-free installments for 3 years.

It is planned to create a cluster in Kashkadarya to provide consumers with alternative energy devices. The meeting provided information on the progress of this project.

The electrical industry is largely associated with the copper industry. In recent years, new deposits have been developed, and copper reserves have been expanding. Corresponding clusters are being created in the Akhangaran district and the city of Karshi. The head of state noted the need to introduce foreign management at these enterprises, implement deep processing projects, master the achievements of science and innovation.

It was emphasized that next year 34 high value-added projects will be launched in this direction. The proposals of khokims and entrepreneurs were heard at the meeting.

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