Uzbekistan to create new free economic zone for Indian companies

A new free economic zone (FEZ) "Andijon-farm" will be created in the Andijon region of Uzbekistan, Trend reports.

Егемен Қазақстан
18.01.2019 159

Pharmaceutical companies from India will act as partners. The new zone will focus on attracting investments and advanced technologies from leading companies in India, to create modern production facilities for manufacture of pharmaceutical products and medicines with high added value.

"Andijon-farm" will function for 30 years with the possibility of subsequent extension. Special tax and customs regime will be in effect on its territory.

Depending on the amount of investments, the zone residents will be exempt from land tax, profit tax, tax on property of legal entities, tax on the improvement and development of social infrastructure, single tax for micro firms and small enterprises, as well as mandatory deductions for target state funds.

Investors, who invests from $300,000 to $3 million, will receive benefits for three years, from $3 to $5 million will receive benefits for for five years, from $5 to $10 million - for seven years, from $10 million - for ten years. Moreover, they will be exempted for the entire period of their FEZ activity from paying customs duties on imported raw materials and products’ components that aimed at export.

LATEST

18.02.2019

Head of Kazakh Republican Space Communications Centre appointed

18.02.2019

Astana to enjoy Poetry in Music concert

18.02.2019

The first opponent of Daniyar Yeleussinov was defined in 2019

18.02.2019

Gorka Izagirre wins Tour de la Provence after a dramatic final at stage 4

18.02.2019

New US Ambassador to Kazakhstan: I am very happy to return to Kazakhstan again

18.02.2019

Kazakh Senate Speaker attends Munich Security Conference

18.02.2019

Miguel Angel Lopez wins Tour Colombia 2.1

16.02.2019

Bakytzhan Sagintayev meets with Chairman of the Board of Eurasian Development Bank Andrey Beliyaninov

15.02.2019

Constitutional Council announces decision on Presidential appeal

15.02.2019

Kazakh President meets with winners and prize-winners of international sports competitions

15.02.2019

Southern Gas Corridor can transport gas from Turkmenistan, Kazakhstan, says SOCAR

15.02.2019

Astana’s Lopez comes in 4th in sprint at Tour Colombia 2.1. Stage 3

15.02.2019

Askar Mamin presented new first deputy akim of Turkestan region

15.02.2019

New deputy mayor of Astana appointed

15.02.2019

Effectiveness of measures to ensure social well-being considered at meeting of Government Working Group

14.02.2019

President signs decree on military discharge of conscript soldiers

14.02.2019

Bakytzhan Sagintayev holds a meeting of State Commission for Modernization of Economy

14.02.2019

Yeldos Ramazanov appointed vice minister of culture and sports

14.02.2019

Nurzhan Altayev dismissed as vice minister of labor and social protection of the population

14.02.2019

Kazakh President meets with the participants of the project "100 new faces of Kazakhstan"

COLUMNISTS

Aliya Ashim, Journalist

Brazil’s version of Trump: why is it a «wake-up call» for the world?

<p style="text-align: justify;">A racist, a homophobe, a misogynist, a pro-torturer. Because of the profane outbursts and verbal abuse, he has earned such an image and was even considered as a political clown. Once he insulted lawmaker claiming that she was too ugly to be worth of raping. What is more, he said that he’d rather have a dead son than a gay one. Therefore, analysts concluded that Brazil has elected the most extremist president among democratic countries. So why did Brazil decide to make «really radical shift»? How did such an «extreme» and «unpleasant» figure become a president?<br /> </p>

Jylkybay Jagyparuly,

Mechanical engineering is a potential pillar of the economy

In industrialized countries, one of the most important indicators of the economy is the level of development of the machine-building industry. Independent Kazakhstan, striving to achieve ambitious goals, is making great efforts to develop machine building in the process of diversifying its economy.

Alisultan Kulanbay,

June 4 - Day of State Symbols of Kazakhstan

State symbols - the State Flag, State Anthem and State Emblem demonstrate to the world the independence of the Republic of Kazakhstan, also continuity between the past, the present and the future of the state.

Ainash ESALI,

Is it all good that they advertise?

Advertising is the driving force of production and business. This is an indisputable fact.

Nazira RAKHMANKYZY, Film critic

Splash of commercial films in Kazakhstan

Last year, the number of feature films which filmed reached thirty-six in Kazakhstan. We should say that it is an unprecedented figure in the history of Kazakh cinema in the last quarter century.

Comments(0)

ADD A COMMENT