Tashkent, Uzbekistan - In recent years, Uzbekistan has been steadily gaining attention as a prime destination for technology investments, drawing entrepreneurs from around the world seeking to capitalize on its untapped potential. One individual who has taken notice is Sachdev Ramakrishna, an IT entrepreneur and consultant, whose enthusiastic belief in the country's prospects is now making headlines.
Ramakrishna, who boasts an impressive academic and professional background, was initially unaware of Uzbekistan's allure. In an exclusive interview with Daryo, he recalled, "Really, Uzbekistan was not on my radar. Clearly, at school, I have heard of the Great Silk Road’s Samarkand and Bukhara, and, of course, Tashkent where one of our very senior leaders, PM Shastri died here. So we had some connections with Uzbekistan, but I didn’t realize that I would land up here."
However, all that changed when he discovered an entrepreneurial opportunity to help with the digital transformation of large state-owned companies. Ramakrishna was fascinated by the nation's potential.
"These state companies were ripened in the transformation journey driven by your President’s great foresight and vision," Ramakrishna stated.
The turning point came when he had the chance to live in Tashkent, immerse himself in local culture, and work with Uzbek professionals. It was then that he fell in love with the country and recognized the immense potential it held for investors and innovators alike.
During the interview, Ramakrishna expressed his admiration for Uzbekistan's young and ambitious workforce, noting that approximately 45 percent of the country's population is under 25, presenting a demographic dividend that promises significant returns for investors.
He passionately stated, "There is no better time to come to Uzbekistan, whether you’re an innovator, an investor, or a participant in shaping the new Uzbek economy."
Backing his claims with data, Ramakrishna proudly mentioned, "Uzbekistan has already hit a 70 billion USD mark in its GDP, signaling that huge tailwinds of change are blowing across the nation."
What makes Uzbekistan an attractive proposition is its hunger for global connections. Ramakrishna expressed his surprise at the number of delegations visiting Uzbekistan from across the world, offering collaborative opportunities and services.
Highlighting the country's vast untapped potential, Ramakrishna asserted, "Compared to a dollar invested in more advanced major economies, for an investor, you get a greater bang for the buck here [in Uzbekistan]. Simply because there’s more unrealized potential here."
Another key aspect that captivated Ramakrishna was the technologically friendly and ambitious Uzbek talent pool, which he believed would play a crucial role in propelling the country forward. He emphasized that they should focus on learning life skills, not just job-specific knowledge.
To fully unlock Uzbekistan's potential, Ramakrishna called for greater openness and trust between international companies and the country. He firmly believed that this collaboration would lead to effective solutions for Uzbekistan's most pressing challenges.
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