ASTANA (TCA) — At the initial stage, VH Group — the largest poultry conglomerate in India — plans to construct a bio-technical park in Kazakhstan, which will include a laboratory for production of vaccines. Total volume of planned investments in Kazakhstan amounts to more than US$1 billion, Kazakh Invest national investment support and promotion company says.
A meeting of Rustam Issatayev, Kazakh Invest Deputy Chairman, with Magdum Murtuza Ali Ismail, general operations manager of VH GROUP company, was held on September 22 in Astana.
The Indian investor particularly noted high investment potential of Kazakhstan. While discussing cooperation prospects, the parties emphasized complex solution of issues of domestic poultry industry development, further transformation of domestic feeding vegetation base in production of meat and meat products as well as involvement of local farmers as suppliers.
Rustam Issatayev stated that for the first time an Indian transnational company comes to Kazakhstan with the purpose of starting business from the very beginning. Management of Kazakh Invest company expressed its readiness to provide all possible assistance in organizing of an inter-departmental work group and in creation of a road map for this project.
VH Group is the largest poultry conglomerate in India. As of today, the company owns 90% of chicken meat market share and more than 70% of broiler chicken market share in India. VH Group has several joint ventures and technical cooperation agreements with well-known American and European companies.