NEWS AND EVENTS
October 17, 2014
SPECIAL INDUSTRIAL ZONE “JIZZAKH”
Production of LED-lamps to be launched in SIZ “Jizzakh”
A project “Organization of production of energy-efficient LED lamps at the territory of special industrial zone “Jizzakh” is implemented in the special industrial zone Jizzakh.
According to the press service of Uzbekenergo, JIzzakh PTES and Owell created a joint venture YORQIN CHIROQLAR to implement the project.
Currently, the premises are repaired to create capacities on production of LED lamps, including production shop, administrative and other premises.
In November, it is expected that foreign partner will deliver equipment for production line.
President of Uzbekistan Islam Karimov signed a decree for creation of new special industrial zone Jizzakh on 18 March 2013. The branch of the zone will be in Syrdarya region.
The zone was created in line with a memorandum of understanding on implementation of project on creation of Uzbek-Chinese industrial park in Uzbekistan. It was created to form favourable conditions for attracting foreign and local investments to creation of high technologic industrial capacities, production of competitive products with high added price, complex and effective use production and resource potential of Jizzakh and Syrdarya regions.
The special zone was created for 30 years with possibility of extension.
The decree set tax and customs preferences for enterprises, operating in the zone. The enterprises, located in the zone, will be exempted from payment of income tax, property tax, tax for accomplishment and social infrastructure, single tax, and mandatory payments to Road Fund.
They will be also exempted from payment of customs duties for imported materials, equipment and spare parts, which are not produced in Uzbekistan.
The preferences will be provided from three to seven years based on the volume of investments. The investors will be get these preferences for three years, if they invest US$300,000, five years – for investments from US$3 to US$10 million and seven years – for investments for above US$10 million.