Union Finance Minister will attend 9th Annual Meeting of Board of Governors of AIIB during the visit

Smt. Sitharaman will also sign Bilateral Investment Treaty (BIT) between India and Uzbekistan

The Union Finance Minister will hold important bilateral meetings with her counterparts from Uzbekistan, Qatar, China, and AIIB President

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman will embark on an official visit to Uzbekistan from 24^th to 28^th September, 2024. The Union Finance Minister will lead the Indian delegation of officials from the Ministry of Finance.

 

During the visit, Smt. Sitharaman will attend the Ninth Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB) scheduled in Samarkand on 25^th and 26^th September 2024, besides other important bilateral meetings with her counterparts from Uzbekistan, Qatar, China, and AIIB President.

In the Annual Meeting of AIIB, the Union Finance Minister will attend as the Indian Governor to the AIIB. India is the second largest shareholder of the bank. The multilateral discussions centred around a broad spectrum of important global issues relevant to the development agenda.

As part of the official visit, the Union Finance Minister is expected to call-on H.E Shavkat Mirziyoyev, President of Uzbekistan.

During the visit, the Union Finance Minister will sign a Bilateral Investment Treaty (BIT) between India and Uzbekistan. The BIT will be signed by the Union Finance Minister and Uzbekistan Minister for Investment, Industry and Trade. The treaty aims to promote more extensive economic cooperation for the mutual benefit of both countries on a long-term basis.

The Union Finance Minister will also participate in the India-Uzbekistan Business forum discussions, jointly organised as well as represented by industry captains from both the countries.

Besides the above engagement, Smt. Sitharaman will also visit the Samarkand State University and Lal Bahadur Shastri Monument in Tashkent. The Union Finance Minister will also interact with Indian diaspora representing leading voices from multiple sectors.

About AIIB and Annual Meetings

The AIIB Annual Meeting witnesses’ participation of delegations from around 80 countries, and other international organisations. As a multilateral development bank, AIIB is focused on developing sustainable infrastructure in Asia and in promoting investments in infrastructure and other productive sectors with a view to foster sustainable economic development, create wealth and improve infrastructure connectivity.

Bilateral Investment Treaty signed to deepen long term economic cooperation and promote cross border investment and infrastructure collaboration. The Union Finance Minister will attend the Ninth Annual Meeting of the AIIB as India's Governor and lead the Indian delegation; during the visit she will hold bilateral meetings, participate in a joint India Uzbekistan business forum, interact with the diaspora, and sign a Bilateral Investment Treaty to promote long term economic cooperation, investment promotion and protection between the two countries.