Why is this important
New investments are reinforcing Uzbekistan’s role as a hub for the leather and footwear sector in Central Asia and expanding export opportunities.
What happened
- Tata Shoes Group’s investments in Uzbekistan have already surpassed $20 million;
- Additionally, $10 million will be invested in the production of women’s shoes;
- Within the scope of the project, the company also intends to commence the production of men’s, children’s, and specialised footwear;
- Negotiations took place in China with the participation of the Deputy Minister of Investment, Nozimjon Kholmurodov.
What they say
Uzcharmsanoat notes that women’s footwear remains the most dynamic segment of the market, and Tata Shoes’ investments will help meet the growing demand in the region.
Context
Uzbekistan is actively expanding its leather and footwear sector by establishing clusters and providing tax incentives to investors.
