Union Finance Minister Smt. Nirmala Sitharaman will embark on an official visit to Uzbekistan from 24th to 28th Sept. 2024

Newdelhi:23/9/24:Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman will embark on an official visit to Uzbekistan from 24^th to 28^th September 2024. The Union Finance Minister will lead the Indian delegation of officials from the Ministry of Finance.

During the visit, Smt. Sitharaman will attend the Ninth Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB) scheduled in Samarkand on 25^th and 26^th of September 2024, besides other important bilateral meetings with her counterparts from Uzbekistan, Qatar, China, and AIIB President.

In the Annual Meeting of AIIB, the Union Finance Minister will attend as the Indian Governor of the AIIB. India is the second largest shareholder of the bank. The multilateral discussions centered around a broad spectrum of important global issues relevant to the development agenda.

As part of the official visit, the Union Finance Minister is expected to call on H.E Shavkat Mirziyoyev, President of Uzbekistan.

During the visit, the Union Finance Minister will sign a Bilateral Investment Treaty (BIT) between India and Uzbekistan. The BIT will be signed by the Union Finance Minister and Uzbekistan Minister for Investment, Industry, and Trade. The treaty aims to promote more extensive economic cooperation for the mutual benefit of both countries on a long-term basis.

The Union Finance Minister will also participate in the India-Uzbekistan Business Forum discussions, jointly organised as well as represented by industry captains from both countries.

Besides the above engagement, Smt. Sitharaman will also visit the Samarkand State University and Lal Bahadur Shastri Monument in Tashkent. The Union Finance Minister will also interact with Indian diaspora representing leading voices from multiple sectors.

About AIIB and Annual Meetings

The AIIB Annual Meeting witnesses the participation of delegations from around 80 countries and other international organizations. As a multilateral development bank, AIIB is focused on developing sustainable infrastructure in Asia and in promoting investments in infrastructure and other productive sectors to foster sustainable economic development, create wealth, and improve infrastructure connectivity.