India aims to increase investment in Kazakhstan

Both the countries seeking enhancement in investment options through a mega Kazakh-Indian investment forum.

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India is looking to increase its investment opportunities in world’s 9th largest and Central Asia’s largest country, Kazakhstan. In respect to this, a Kazakh-Indian investment forum will be held in India on 12-14 November 2018.

The Embassy of Kazakhstan in India, along with its national company ‘Kazakh Invest’ and Federation of Indian Chamber of Commerce and Industry (FICCI) will be organizing the event.

Kazakhstan delegation will include the chiefs of more than 10 leading companies of and will be headed by Mr. Saparbek Tuyakbayev, Chairman of the Management Board of “KAZAKH INVEST” National Company.

On the other hand, representatives of more than 50 large business companies will be representing the Indian side along with representatives of the Ministry of Commerce and Industry, the Federation of Indian Chambers of Commerce and Industry, Ministry of External Affairs of India and others.

Recently a report on “Ease of doing business 2018”, published by the World Bank, Kazakhstan was placed at 36th as compared to India which was ranked 100th. This shows Kazakhstan’s attractiveness to Foreign Direct Investment (FDI) as the Central Asian country provides the highest level of comfort for flourishing businesses by developing an attractive business environment.

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Kazakhstan accounts for more than 70 per cent of all FDI into all the Central Asian Countries which Kazakhstan at the top among its neighbouring nations in terms of investments attraction.

Kazakhstan is also the main supplier of uranium to India. Currently, India and Kazakhstan are walking hand in hand in a broad range of areas such as Banking, Space, Oil and Gas, IT, Fintech, Military-Technical cooperation.

The current India-Kazakhstan trade turnover is about $ 1 billion which can flourish up to 2-3 times with the help of this upcoming Business Invest Forum.

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Both the countries seeking enhancement in investment options through a mega Kazakh-Indian investment forum.
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The Policy Times
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