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India and Uzbekistan have set a target of $5 billion in annual bilateral trade by 2030, up from the current volume of over $1 billion.

Published on: August 30, 2026

Edited on: August 30, 2026

India, Uzbekistan Deepen Strategic Ties-IAN

Image Credits: X@Narendra Modi | Cropped By IAN

New Delhi: India and Uzbekistan have agreed to establish a long-term framework for uranium supplies as the two countries move to deepen cooperation across trade, investment, energy, defense, critical minerals and other key sectors. 

The decision was taken during talks between Prime Minister Narendra Modi and Uzbek President Shavkat Mirziyoyev in Tashkent. 

The two leaders also agreed to elevate bilateral relations to a Comprehensive Strategic Partnership, marking an expansion of the strategic partnership between the two countries. 

According to the Ministry of External Affairs (MEA), the discussions covered trade, investment, infrastructure, critical minerals, mining, defence and security, agriculture, pharmaceuticals, healthcare, information technology, digital public infrastructure, including UPI, and education.

 

India and Uzbekistan also set a target of $5 billion in annual bilateral trade by 2030, compared with the current trade volume of more than $1 billion. 

The leaders witnessed the exchange of several agreements covering mining, culture, education, tourism, and Ayurveda. The two sides also agreed on a Letter of Intent for the restoration and conservation of the Buddhist sites of Fayaz Tepa and Kara Tepa in Uzbekistan. 

Speaking at the bilateral talks, Modi said the elevation of ties was significant as the countries mark the 15th anniversary of their strategic partnership. 

“We are celebrating the 15th anniversary of our strategic partnership. I am delighted that, on this special occasion, we are elevating our ties to the level of a Comprehensive Strategic Partnership,” Modi said. He added that both countries would set concrete goals under the new framework.

 

Modi also announced the establishment of a Coordination Council at the level of foreign ministers to provide direction to bilateral cooperation. The existing Joint Commission will also be upgraded from the secretary level to the ministerial level. 

The two countries further agreed to jointly organize a business summit bringing together business leaders from India and Uzbekistan. 

India has been exploring uranium supplies from Uzbekistan for civilian nuclear energy generation. The long-term arrangement is expected to strengthen cooperation between the two countries in the clean energy sector. 

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