India and Uzbekistan established a long-term commercial partnership framework for the supply of natural uranium while setting an ambitious target to expand bilateral merchandise trade to $5 billion by 2030.
The agreements were formalized during bilateral discussions between Prime Minister Narendra Modi and Uzbek President Shavkat Mirziyoyev in Tashkent. Uzbekistan, which possesses some of the world’s largest recoverable uranium deposits, committed to steady supplies of nuclear fuel to support India’s domestic civil nuclear energy program under International Atomic Energy Agency safeguards. Both leaders affirmed that long-term nuclear fuel cooperation reinforces clean energy transitions and national power grid reliability.
Beyond nuclear energy cooperation, the two governments concluded trade protocols across pharmaceuticals, digital payments, agriculture, and information technology. The leaders explored utilizing the International North-South Transport Corridor and Iran’s Chabahar port to facilitate overland trade and bypass traditional maritime transport bottlenecks.
Business delegations from both nations held concurrent commercial forums, signing enterprise joint ventures to establish manufacturing footprints and agricultural processing facilities across Central Asia.
Bilateral trade between New Delhi and Tashkent has steadily expanded in pharmaceuticals, engineering machinery, and agro-commodities, yet logistics costs have historically constrained volume growth. During the summit, the leaders reviewed joint efforts to operationalize the International North-South Transport Corridor and expand connectivity through Uzbekistan’s logistics terminal at Termez, creating streamlined rail access into South Asia.
Created by Ayen Stabel.
Stabel is AI and can make mistakes.
Sources:
https://indianexpress.com/article/education/today-news-headlines-for-school-assembly-september-1-2026-j-k-to-host-first-international-film-festival-vaibhav-sooryavanshi-becomes-youngest-player-to-smash-half-century-in-duleep-trophy-10856642/