ATTRACTING FOREIGN INVESTMENTS TO THE COUNTRY’S INDUSTRY PRACTICE ANALYSIS

Аннотация

This article presents an analysis of the role and importance of foreign direct investment in the manufacturing industry of our country, as well as its practice in recent years. Keywords: investment, FDI (foreign direct investment), strategic location, investor, investment project, investment attractiveness, infrastructure. Introduction. Priority tasks for the development of the economy in the Republic of Uzbekistan are closely related to the level of efficiency of the implemented investment policy. Uzbekistan has created a favorable investment environment for investors, a system of benefits and preferences. The fact that the foreign investment attracted to our economy is increasing year by year is a clear proof of this. In order to implement large-scale investment projects, build high-tech production facilities, large-scale work is being carried out to rapidly develop the economy and attract foreign investments. Foreign investments increase the level of competitiveness of the national economy and serve as a positive factor in the country finding its place in the international division of labor, its integration into the world economic system, and the increase in foreign trade turnover and the further development of export potential. In addition, the inflow of foreign direct investments and the active operation of enterprises with their participation, know-how, new technologies, the creation of new jobs, the increase in demand for local industry and raw materials, as well as the improvement of the standard of living of workers working in these enterprises can lead to a series of positive changes. Attracting direct investment in industry is one of the most important strategic issues of every country, especially developing countries. It is no coincidence that in recent years, the head of state personally oversees this issue in Uzbekistan, and separate groups are working on this issue in each region. Literature review. Factors such as political and macroeconomic stability in the country, a strong guarantee of protection of the rights of foreign investors 67 CURRENT APPROACHES AND NEW RESEARCH IN MODERN SCIENCES International scientific-online conference and a wide system of benefits create favorable conditions for entrepreneurs. In addition, the fact that the price of raw materials, materials, energy resources and highly skilled labor, which are important for production, are cheap compared to neighboring countries, 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 further liberalization of the economy in Uzbekistan and the implementation of projects with the participation of foreign capital. The following 3 conditions must be met for foreign investment in industrial enterprises operating in the Republic of Uzbekistan. These conditions include: 1. The amount of the charter capital must not be less than 400,000,000 soums; 2. The founders must be a foreign legal entity or entities; 3. The share of a foreign legal entity or individual must be at least 15 percent of the total amount of the charter fund. The requirement for the mandatory participation of a foreign legal entity in an enterprise with foreign investments has been canceled. The amount of state duty for state registration of enterprises with foreign investments has been reduced by three times. Required documents and information for registration: 1. Naming the enterprise; 2. Distribution of shares of the founders (in percentages); 3. Information about the size of the charter fund; 4. Postal address of the company; 5. An extract from the commercial registration of a foreign company in the place where the legal entity is registered or from another document confirming the activity of this legal entity (its content should include the following: the full name of the legal entity, its location, this legal entity). This statement is valid for 1 year from the date of issue. 6. Power of attorney for the representative (sample taken) 7. Copy of the director's passport / Djini. Company leaders According to the Statistics Agency, as of February 1, 2024, the number of enterprises and organizations with foreign investments operating in our Republic was 14,199. 4,675 of them are joint ventures and 9,524 are foreign 68 CURRENT APPROACHES AND NEW RESEARCH IN MODERN SCIENCES International scientific-online conference enterprises. The largest number of enterprises with the participation of foreign capital corresponds to the Russian state, that is, 3049 of them. The above-mentioned 14,199 enterprises with participation of foreign investments are organized as follows: in the city of Tashkent - 9,240; in Tashkent region - 1,597; in Samarkand region - 565; in Fergana region