ПОВЫШЕНИЕ ПРИВЛЕЧЕНИЯ ИНОСТРАННЫХ ПРЯМЫХ ИНВЕСТИЦИИ В ПРОИЗВОДСТВЕННУЮ ПРОМЫШЛЕННОСТЬ

Аннотация

This article provides feedback on the role and importance of foreign direct investments in the manufacturing industry of our country, and the work being done to attract them. Evaluation of its capabilities and determination of development prospects are also emphasized. Keywords: investment, FDI (foreign direct investment), investor, investment project, investment attractiveness, infrastructure. Introduction. In the conditions of economic liberalization, modernization of the national economy and ensuring its integration into the world economy depends to a large extent on the correct and based investment policy. Development of investment activity in our country in accordance with the conditions of the economic environment, ensuring their activity in all aspects of the economic life of the society, modernization of the national production process and ensuring stable economic growth is one of the important factors. Therefore, one of the main sources of the agenda of the reforms implemented by our government every year is the issue of attracting investments to the national economy. In addition, many reforms are currently being carried out in our republic in order to increase investment attractiveness, create a favorable business environment, and conduct an active investment policy. The main goal of this was the socio- economic development of our country, increase of population welfare, reduction of unemployment, increase of real income of the population. In this matter, President Shavakat Miromonovich Mirziyoyev, in paragraph 3.4 of the decree on "Strategy of Actions on the Five Priority Areas of Further Development of the Republic of Uzbekistan", states that "Improving the investment environment, foreign, first of all, the main areas such as active attraction of foreign direct investments" have been selected and work is being actively carried out in these areas. Literature review. While writing this article, we had to turn to several literatures, including national and foreign materials. In order to further reveal the 298 “JOURNAL OF SCIENCE-INNOVATIVE RESEARCH IN UZBEKISTAN” JURNALI VOLUME 2, ISSUE 3, 2024. MARCH ResearchBib Impact Factor: 8.654/2023 ISSN 2992-8869 essence of the topic, we will first clarify the concept of foreign direct investment, cited by scientists. Foreign direct investment (FDI) is an investment from a party in one country into a business or corporation in another country with the intention of establishing a lasting interest. Lasting interest differentiates FDI from foreign portfolio investments, where investors passively hold securities from a foreign country. A foreign direct investment can be made by obtaining a lasting interest or by expanding one’s business into a foreign country. An investment into a foreign firm is considered an FDI if it establishes a lasting interest. A lasting interest is established when an investor obtains at least 10% of the voting power in a firm. The key to foreign direct investment is the element of control. Control represents the intent to actively manage and influence a foreign firm’s operations. This is the major differentiating factor between FDI and a passive foreign portfolio investment. Analysis and results. Factors such as political and macroeconomic stability in the country, a strong guarantee of protection of the rights of foreign investors and a wide system of benefits create the most favorable conditions for entrepreneurs. In addition, the low price of raw materials, materials, energy resources and highly qualified labor force, which are important for production, attracts foreign investments to our country. In addition, it is no secret that an active policy aimed at accelerating the attraction of foreign investments is being carried out in the Republic of Uzbekistan. Ensuring the conversion of the national currency according to current operations and the strategy of implementing reforms will form a favorable basis for the further liberalization of the economy in Uzbekistan and the implementation of projects with the participation of foreign capital. Foreign direct investment has its own conveniences and advantages: • Economic growth The creation of jobs is the most obvious advantage of FDI, one of the most important reasons why a nation (especially a developing one) will look to attract foreign direct investment. FDI boosts the manufacturing and services sector which results in the creation of jobs and helps to reduce unemployment rates in the country. Increased employment translates to higher incomes and equips the population with more buying powers, boosting the overall economy of a country. 299 “JOURNAL OF SCIENCE-INNOVATIVE RESEARCH IN UZBEKISTAN” JURNALI VOLUME 2, ISSUE 3, 2024. MARCH ResearchBib Impact Factor: 8.654/2023 ISSN 2992-8869 • Human capital development Human capital involved the knowledge and competence of a workforce. Skills that employees gain through training and experience can boost the education and human capital of a spe