Investment Opportunities and Prospects for Developing IoT-Based Smart Agriculture in Uzbekistan

Authors

  • Yusupov Komaliddin Bakhtiyor ugli Tashkent state university of Economics Assistant at the Department of Economics and Management

DOI:

https://doi.org/10.31150/ajebm.v8i7.3749

Keywords:

IoT Technologies, Smart Agriculture, Investment, Water Saving, Sustainability

Abstract

This article is aimed at analysing the investment opportunities and prospects for the application of IoT technologies in agriculture in Uzbekistan, highlighting their significance in ensuring efficient use of water and resources, increasing productivity, and promoting economic and environmental sustainability. The study, based on pilot projects in the Fergana, Khorezm, and Tashkent regions, has identified results showing that IoT technologies can reduce water consumption by 25% and increase productivity by 10-15%. Additionally, the article identifies the main barriers as limited internet infrastructure, high initial investment costs, and low levels of digital literacy, while emphasising that the government’s “Smart Agriculture” initiative, cooperation with international financial institutions, and tax incentives are creating favourable opportunities for financing and expanding IoT-based agricultural projects in Uzbekistan. The study's findings demonstrate that strengthening public-private partnerships, attracting foreign investments, and applying best practices are crucial for the modernisation of Uzbekistan’s agriculture through IoT development.

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References

[1] O‘zbekiston Respublikasi Statistika Agentligi, “Yalpi ichki mahsulot statistikasi,” 2024. [Online]. Tersedia: https://stat.uz/

[2] Jahon Banki, Uzbekistan Agriculture Sector Policy Note, 2022.

[3] Food and Agriculture Organization (FAO), Digital Agriculture in Asia and the Pacific, 2020. [Online]. Tersedia: https://www.fao.org/3/cb2327en/cb2327en.pdf

[4] J. M. Talavera, et al., “Review of IoT Applications in Agro-industrial and Environmental Fields,” Sensors, vol. 17, no. 8, hlm. 1848, 2017.

[5] Food and Agriculture Organization (FAO), Digital Agriculture in Asia and the Pacific, 2020.

[6] J. M. Talavera, et al., “Review of IoT Applications in Agro-industrial and Environmental Fields,” Sensors, vol. 17, no. 8, hlm. 1848, 2017.

[7] O. Elijah, et al., “An Overview of Internet of Things (IoT) and Data Analytics in Agriculture,” Electronics, vol. 7, no. 12, hlm. 376, 2018.

[8] UNDP Uzbekistan, Smart Agriculture in Uzbekistan, 2021.

[9] B. A. Umarov dan A. A. Abdumalikov, “Iotning Qishloq Xo‘Jaligidagi Roli: Ekinlarni Kuzatish, Suv Va Energiya Tejash,” Yangi O’zbekiston Pedagoglari Axbarotnomasi, vol. 2, no. 10, hlm. 22–24, 2024. [Online]. Tersedia: https://cyberleninka.ru/article/n/iotning-qishloq-xo-jaligidagi-roli-ekinlarni-kuzatish-suv-va-energiya-tejash

[10] World Bank, Uzbekistan Agriculture Sector Policy Note, 2022.

[11] Ministry of Agriculture of Uzbekistan, Strategy for Digital Transformation of Agriculture in Uzbekistan 2020–2030, Government of Uzbekistan, 2020.

[12] O‘zbekiston Respublikasi Statistika Agentligi, “Yalpi ichki mahsulot statistikasi.” [Online]. Tersedia: https://stat.uz/uz/

[13] Agro.uz. [Online]. Tersedia: https://www.agro.uz/

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Published

2025-07-04

How to Cite

Bakhtiyor ugli, Y. K. (2025). Investment Opportunities and Prospects for Developing IoT-Based Smart Agriculture in Uzbekistan. American Journal of Economics and Business Management, 8(7), 3026–3032. https://doi.org/10.31150/ajebm.v8i7.3749

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