NUR-SULTAN (TCA) — The Ministry of Industry and Infrastructure Development of Kazakhstan together with the Union of Mechanical Engineers of Kazakhstan prepared a Roadmap for the Development of Automotive Industry for 2019-2024, the Vice Minister of Industry and Infrastructure Development Amaniyaz Yerzhanov said at a press conference on August 1.
Kazakhstan is a leading automobile manufacturer in Central Asia, along with Uzbekistan.
The Roadmap’s implementation is to ensure a 2-fold increase in the volume of production and labor productivity in the Kazakh automotive industry, as well as a 1.2-fold increase in automobile exports, the press service of the Prime Minister of Kazakhstan reported.
The Ministry will create favorable conditions for investors, Yerzhanov said.
“In general, the engineering industry has a high potential for the development of our economy. Imports of engineering products amount to about $13 billion, while domestic production amounted to just over $3 billion. There is good potential and we will need to work in this direction,” said Yerzhanov.
According to the vice minister, Kazakhstani enterprises are rapidly joining the process of creating high-tech products, using modern technologies and equipment in their production. The most stable dynamics of production and a more in-depth localization of production is observed in electrical engineering.
Since 2018, there has been an increase in production in the agricultural engineering sector, which was facilitated by government support measures, such as exemption from VAT on sales of products.
