India and Uzbekistan have unveiled an ambitious roadmap to double bilateral trade to $3 billion within the next three years, while advancing discussions on a Free Trade Agreement (FTA) and expanding cooperation across strategic sectors, including energy, rare earth minerals, pharmaceuticals, digital infrastructure, and manufacturing.

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• India and Uzbekistan agreed to raise bilateral trade to $3 billion within three years during the India-Uzbekistan Business Forum held in New Delhi, reflecting stronger economic engagement.
• Bilateral trade between the two countries grew by 30% in the previous year, crossing the $1.3 billion milestone for the first time and demonstrating accelerating commercial ties.
• In 2025, total bilateral trade reached $1.32 billion, with India exporting goods worth $1.15 billion, while Uzbekistan’s exports to India exceeded $164 million.
• Both countries agreed to explore a Free Trade Agreement (FTA) to improve market access, reduce trade barriers, encourage investments, and unlock new opportunities for businesses on both sides.
• During the 14th India-Uzbekistan Intergovernmental Commission meeting, both sides reviewed trade cooperation, discussed the removal of non-tariff barriers, and identified measures to facilitate smoother bilateral commerce.
• India and Uzbekistan identified rare earth minerals, mining, renewable energy, pharmaceuticals, medical devices, automobiles, machinery, digital infrastructure, agriculture, and cotton production as priority sectors for future collaboration.
• Nearly 400 Indian companies are currently operating in Uzbekistan, while the overall pipeline of joint investment and development projects between the two countries has surpassed $5 billion.
• As strategic partners and members of the Shanghai Cooperation Organisation (SCO), India and Uzbekistan continue to deepen cooperation in trade, connectivity, energy security, regional stability, and Central Asian economic integration.