01/09/2026
India and Uzbekistan are targeting US$5 billion in bilateral trade by 2030, with current trade standing above US$1 billion. New measures aimed at reducing barriers to trade and investment could help support progress towards this target.
Removing non-tariff barriers, improving market access and payment systems, and expanding cooperation in pharmaceuticals, agriculture, engineering and critical minerals could create new opportunities for companies in both countries. Plans for UPI-based payments and a long-term uranium supply arrangement also add new areas for business cooperation, while greater collaboration in tourism and education can support stronger links across both economies.
Together, these developments provide a strong basis for further trade, investment and business partnerships, including opportunities for joint ventures and supply-chain cooperation as economic ties expand.