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Related Keywords: Ambassador of Uzbekistan to Pakistan, delegation comprising Uzbek diplomats, immense scope for increasing bilateral trade, instituting joint ventures, major cotton producer, meeting at PBIT, one of Pakistan’s primary economic sector, Uzbekistan biggest and fastest growing economy, well developed indigenous production of cotton related machinery

Ambassador of Uzbekistan to Pakistan Furqat Sidiqov leading a delegation comprising Uzbek diplomats with the agenda to follow up on Prime Minister Nawaz Sharif’s recent visit to Uzbekistan, during a meeting at the Punjab Board of Investment and Trade (PBIT) said that there is immense scope for increasing bilateral trade and instituting joint ventures between the two countries.

Related Keywords: approved policy in principle, attract investment, in form of new machines, infrastructure provision, Maharashtra state government, major cotton producer, processor, setting up clusters, textile policy designed by Suresh Halwankar

The Maharashtra state government has approved the policy in-principle designed by Suresh Halwankar, BJP MLA from Ichalkaranji and it is now being discussed at the secretary level as it is a major cotton producer and processor in the country. However, the final call on the proposed textile policy would be taken only after September 11.

The policy is expected to attract investments worth Rs 80,000 crore. The investment will come in the form of new machines, setting up of clusters and infrastructure provision.