On 6 September President Shavkat Mirziyoyev got acquainted with a presentation on the work done and promising projects in the pharmaceutical industry.

The huge potential of the domestic pharmaceutical industry has not been fully utilized before. In recent years, the industry has been identified as one of the drivers and is consistently developing.

In accordance with the decree of the President of the Republic of Uzbekistan from 3 May 2017, free economic zones specialized in pharmaceuticals were created in Nukus, Zaamin, Kasansay, Syrdarya, Baysun, Bostanlyk and Parkent districts. By the decree from 7 November 2017, the Agency for the Development of the Pharmaceutical Industry was organized under the Ministry of Health. Broad conditions have been created for the cultivation and processing of medicinal plants, attracting investments and producing competitive products.

As a result, over the past five years, 71 new enterprises have been created, more than 2.5 thousand types of medicines, 241 types of medical products and 78 types of medical equipment have been launched. The volume of production of pharmaceutical products has almost doubled.

But these results are not enough, it was noted at the event. Today, domestic enterprises satisfy only 55 percent of the needs of the domestic market in physical terms.

In the next five years, it is planned to increase production in the industry by 3 times and bring the rate of supply of the domestic market to 80 percent in kind. For this, promising projects have been developed for 2022-2026.

During the presentation, information about these projects was provided.

Thus, it is planned to implement 104 investment projects worth US$1.25 billion. As a result, it is expected to create capacities for the production of import-substituting products in the amount of US$376 million and the export of goods for US$84 million. Most importantly, it is planned to provide jobs for about 9 thousand people.