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Uzbekistan will start subsidizing promising projects in food production

The government of the Republic of Uzbekistan has decided to support new promising projects for the production of food products, according to which up to 50% of the costs on the development, provision of infrastructure and the involvement of foreign experts will be reimbursed by the state, EastFruit experts report.

On January 20, 2022, the Cabinet of Ministers of Uzbekistan adopted a resolution “On measures to further support food producers.”

Read also: Uzbekistan 2021: fruits, nuts, grapes – the analysis of prices, production and exports

Since there are no reservations in the document on the application of its provisions to projects on specific types or categories of food production, it equally applies to projects for the processing of fruits and vegetables.

Under the Decree, state subsidies are allocated to cover 50% of the costs:

  • related to the preparation of a feasibility study for new promising projects on food production in an amount not exceeding 100 million UZS ($9 300) for each project;
  • to provide infrastructure for new promising projects on food production in an amount not exceeding 100 million UZS ($9 300) for each project;
  • to attract foreign experts in the field of production and deep processing of food products in an amount not exceeding 50 million UZS ($4 600) for each project.

20 billion UZS ($1.85 million) will be allocated for these purposes. The Regulations on the procedure for considering applications for subsidies, the allocation of the subsidies (reimbursement of part of the costs), as well as the refusal to issue subsidies and the right of applicants to re-apply or appeal to a higher authority or court were also approved.

Subsidies to cover the costs of preparing a feasibility study, creating infrastructure, and attracting foreign specialists are allocated after the commissioning of capacities and the execution of relevant acts.

The government document came into force on January 21, 2022.

EastFruit

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