Uzbekistan targets billion-dollar growth in electrical sector
Government plans include localizing production, boosting exports, and drawing in foreign investors
TASHKENT, Uzbekistan (MNTV) — Uzbekistan is accelerating its industrial modernization with a major push into the electrical manufacturing sector, aiming to boost exports and attract foreign investment as part of a broader economic reform agenda.
Government figures presented to President Shavkat Mirziyoyev on April 22 outline a plan to reach $1.7 billion in electrical exports and localize nearly $400 million worth of production by the end of 2025.
The electrical industry has emerged as one of the country’s fastest-growing economic pillars. Over the past seven years, exports have increased sevenfold, reaching 63 international markets. The sector now comprises nearly 500 enterprises and employs more than 27,000 people.
According to the latest data, Uzbekistan produced electrical goods worth 7 trillion Uzbek soms ($538 million) in the first quarter of 2025, with exports rising to $310 million—up 30% compared to the same period last year.
A presidential decree signed in January aims to accelerate industrial growth by promoting high-value manufacturing, advancing engineering R&D, and attracting foreign brands.
As part of that strategy, a $900 million portfolio of projects has been launched to produce globally competitive products under international brand names.
Government officials say work is underway to install advanced technologies and align production with global technical standards.
The state’s broader goal for 2025 includes increasing total electrical production to 43 trillion Uzbek soms ( $3.3 billion) and localizing nearly 5 trillion soms ($385 million) in value.
Authorities plan to implement 71 new projects worth $656 million, generating 4,600 jobs and expanding export destinations to 68 countries.
The government has instructed officials to resolve logistical bottlenecks and strengthen supply chains to support the sector’s global competitiveness.
Emphasis is also being placed on diversifying export markets and reducing dependence on a narrow set of trade partners.
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