NUR-SULTAN (TCA) — Kazakh Invest national investment support and promotion company has opened its representative office in New Delhi.
The launch of the representative office took place during the roundtable “Kazakh-Indian relations: Past, Present, Future”, Kazakh Invest reported.
The Ambassador of Kazakhstan to India Bulat Sarsenbayev spoke about the relevance and particular importance of Kazakh Invest activities in view of development of trade and economic relations between Kazakhstan and India.
“Currently, Kazakhstan is India’s main trading partner in Central Asia. The trade turnover between our countries reached $1.2 billion in 2018 (in 2015, the trade turnover amounted to $461.6 million). In the first three months of this year, trade between Kazakhstan and India amounted to $293.1 million, which is 35.9% more than in the same period last year. Cooperation between Nur-Sultan and Delhi is actively developing, mutual trips of citizens of the two countries are intensified. In 2014, Kazakhstan issued about 6 thousand visas to citizens of India, in 2018 it was more than 25 thousand visas,” the Ambassador said.
The Kazakh diplomat also spoke about Kazakhstan Global Investment Roundtable (KGIR-2019) and the Astana Economic Forum held in May in Kazakhstan that were attended by a representative Indian delegation. The events resulted in preliminary agreements on the consideration by investors from India of projects totaling more than $300 million.
The Director of the regional office, Aigul Nuralina, said that the main purpose of the office was informing Indian companies about Kazakhstan’s investment opportunities, incentives and government support measures offered to foreign investors entering Kazakhstan’s market.
According to the Embassy of Kazakhstan in India, a visit of the President of Kazakhstan to India is planned for autumn of 2019. As part of the visit, a number of major events are going to be held. In particular, visits of the Prime Minister, Minister of Foreign Affairs of Kazakhstan to India, an Investment Forum, meetings of the Intergovernmental Commission, Joint Working Groups on Trade and Economic Cooperation, Transport and Logistics, Cooperation in IT sphere, as well as military-technical cooperation.
