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Neutral impactEconomy

India, Uzbekistan agree to deepen cooperation in trade, defence, energy, digital connectivity

Economic Times 11 hrs ago·30 Aug 2026, 8:21 am

India and Uzbekistan have agreed to deepen their strategic partnership, with Prime Minister Narendra Modi holding delegation-level talks with President Shavkat Mirziyoyev. The discussions focused on enhancing cooperation across key sectors such as trade, investment, defence, energy, and digital connectivity. The leaders also highlighted the importance of cultural ties, with Modi attending a yoga session during his visit, signaling a broader commitment to people-to-people exchanges.

This development is significant for investors as it signals a potential expansion of India's footprint in Central Asia. Enhanced cooperation in energy and digital connectivity could open new avenues for Indian companies to explore business opportunities in the region. While the immediate impact on specific stocks may be limited, the move reinforces India's broader foreign policy strategy to strengthen regional ties and diversify economic partnerships.

Investors should watch for any specific announcements regarding joint ventures or infrastructure projects that may arise from these talks. The agreement also comes ahead of the Shanghai Cooperation Organisation summit, suggesting that regional connectivity and economic integration will remain key themes in the coming months.