India upgrades relations with Uzbekistan, secures uranium supply

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India upgrades relations with Uzbekistan, secures uranium supply
Business

The Times of India

India and Uzbekistan elevated ties to a comprehensive strategic partnership in Tashkent, set an annual trade target of $5 billion by 2030 and moved close to a long-term uranium supply arrangement for India. The leaders signed 11 memoranda of understanding covering culture, education, mining, Ayurveda, tourism and restoration of Buddhist sites, and discussed expanded cooperation in defence, security, critical minerals, AI, agriculture and health. They agreed to create a foreign minister-level coordination council and a joint working group to remove non-tariff barriers and promote industrial cooperation to boost bilateral trade and connectivity.

India and Uzbekistan set a $5 billion trade target and agreed uranium supply.

Context

India and Uzbekistan held high-level talks in Tashkent and upgraded their bilateral ties. They signed 11 MoUs and set a $5 billion trade target by 2030. Next they will form a foreign minister-level council and a joint working group to…

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