Kazakh investment projects for Indian businessmen

New Delhi, 15th November 2018

A comprehensive session on the India-Kazakhstan Investment dialogue was held at FICCI (Federation of Indian Chambers of Commerce and Industry) in the NCT (National Capital Territory) of Delhi on the 14th day of November which brought a plethora of investment opportunities of Kazakhstan. The alluring event was together organised by the Embassy of Kazakhstan to the Republic of India, JSC National Company – “Kazakh Invest” and FICCI.

India-Kazakh Investment Forum

The session was joined by the Kazakhstan delegation, headed by Mr Saparbek Tuyakbayev, Chairman of the Board of Kazakh Invest which involved the heads of various preeminent companies, representatives of the Ministry of Commerce and Industry, Ministry of External Affairs of India, FICCI, heads of more than 50 leading Indian companies and experts of the fields.

Greeting the contribution of FICCI for being the catalyst for the Kazakh and Indian business structure, the ambassador of Kazakhstan to India Bulat Sarsenbayev pointed the key areas of perspective cooperation and the benefits of the growing bilateral trade cooperation. Kazakhstan with an attractive and fine business environment ranks 36th in the “Ease of Doing Business 2018” which enables agriculture; machinery; mining and metallurgy; chemicals and petrochemicals and Information technology as the priority sectors for invest and business upon.

Mr Saparbek Tuyakbayev, Chairman of the Board of Kazakh Invest

The chairman of Kazakh Invest, which is a national company formed by the Government of Kazakhstan to fetch the inward investment, Saparbek Tuyakbayev talked about the prospects for the implementation of business projects and the investment scenario in the country. The participants were provided with an elaborated report the business opportunities in Kazakhstan, the extent of support of the state and the competitive advantages for enticing foreign investments. Tuyakbayev explained the priority investment projects considering Indian investors for active participation. The countries have witnessed a consistent development of bilateral cooperation to a strategic level since 2009, remarked Mr Manish Prathat, the Joint Secretary Eurasian Division, Ministry of External Affairs of India. The Forum displayed various bilateral and thematic sections with B2B meetings where agreements on joint implementation of a number of projects have achieved.

The event also discussed the great involvement of GMR, Indian Infrastructure company, in the aerocity project and the possibility of GMR to implement large investment project to construct transport and logistics hub near Astana or Almaty International Airports and the negotiations with the RV Healthcare, which is associated with Kazakhstan for 10 years and launched production of 5 types of medicine, it is also expected to increase investment to 30 million dollars. Kazakhstan has made large-scale changes in a very short time span and became an attractive country with a friendly investment environment, said Mr S.Swain, the Joint Secretary, Ministry of Commerce and Industry.

Mohit Srivastava, Diplomacytoday.in