India and Uzbekistan are targeting the doubling of bilateral trade over the next three years, Indian Commerce and Industry Minister Piyush Goyal says. According to multiple reports, bilateral trade has reached around $1.5 billion, which is described as only a small share of the broader potential between the two economies. Goyal also urges businesses from both countries to increase investments in each other’s markets as a way to support the trade target.
The discussions point to priority sectors for deeper cooperation. These include mining, pharmaceuticals, information technology, food processing, and the digital economy. The ministers’ approach focuses on identifying areas where trade and cross-border business activity can expand further, with an emphasis on linking industrial and service capabilities.
Overall, the goal is to translate existing economic engagement into a larger trading relationship by encouraging private-sector participation and focusing on specific sectors that could drive growth. The reports present the target as part of a coordinated push to expand bilateral economic ties.
