PM Modi pays a visit to National Monument of Independence & Humanism in

“Even as Technology and Automation may make low skilled jobs redundant in some sectors we have the natural advantage to learn new skills and lay claim to a whole new generation of jobs to manage all of this new age automation”, he said.

Trade relations between India and Uzbekistan are governed by the Agreement on Trade and Economic Cooperation signed in May 1993.

PM Modi was earlier accorded a ceremonial welcome at the Akorda Presidential Palace.

Prime Minister Narendra Modi today said that Indian movies, language and music were extremely popular in Uzbekistan. He will then travel to Russian Federation on 8 July, before flying to Turkmenistan on 10 July, Kyrgyzstan on 11 July and Tajikistan on 12 July. “In 2012, Uzbek radio completed 50 years of Hindi broadcasting”, he tweeted.

Both sides agreed to enhance cooperation in space and information technology and also boost connectivity, including through the global North-South Transport Corridor, the Iran-Turkmenistan-Kazakhstan rail link and Chabahar port in Iran.

As of now, India has only an observer status.

Risk consultant Verisk Maplecroft echoed that sentiment in a recent report, calling WTO membership “an event that is likely to be a clear reputational win for the government, but bring little additional change for investors”.

He expressed hope that the BRICS summit would build on the ground covered during the last summit in Fortaleza, Brazil.

During his almost half-an-hour speech, Modi touched upon other important issues including regional connectivity, establishment of a 21st century silk route and economic integration between India and Central Asian countries. According to CII, the major areas of opportunity for India in Central Asia include oil and gas, minerals and metals, agricultural products, pharmaceuticals, textiles and chemicals.

With the BRICS Development Bank already set up, the Summit could look at the possibility of starting credit facility in local currency.

Modi said he will be meeting the leaders – Brazil’s President Dilma Rousseff, China’s Xi Jinping, Russia’s Vladimir Putin and South Africa’s Jacob Zuma – individually too at the Ufa and also meet business leaders. His perspectives will be of huge benefit to me in the days ahead.

While Central Asia does not, geographically, factor into Modi’s famed “Act East” policy it seems he is nonetheless intent on giving the region a little more attention. On Tuesday, he met Prime Minister Karim Massimov.

India released 88 Pakistani fishermen while Pakistan freed 111 Indian fishermen.

Modi said the government is doing everything possible to make enterprise and innovation easier and assured its full support for an innovation hub. Some Indians consider China to be their biggest threat, while some Chinese also view India negatively.