Indian investors interested in implementing large projects in Kazakhstan

Indian investors interested in implementing large projects in Kazakhstan

 

The Ministry of Foreign Affairs of Kazakhstan continues work to solidify cooperation with the Indian business and to attract new investors.

India remains one of the key trade, economic and investment partners of Kazakhstan in South Asia. Throughout the years 2005-2018 investment from India in the economy of Kazakhstan amounted to $317 million.

Confirmation to it is simultaneous visit of 8 Indian companies, including 5 transnational for the XII Astana Economic Forum and the III global investment round table, during which significant agreements were reached.

One of the successful results of bilateral agreements is construction of a family recreation park patterned after Disney Land in Shymkent. The investor of this project - the owner of CG Corp Global Binod Chaudhary also expressed interest in building a tourist complex in Almaty.

RV Healthcare plans to manufacture anti-diabetic drugs, enabling Kazakhstan’s 100% import substitution in this drug and making the country the main supplier of insulin in the region.

Negotiations are underway with a number of Indian companies to involve them in the mining, agriculture and other industries.

Over 5 months of 2019, the RK Foreign Ministry identified about 10 new projects with the share of potential Indian investors.

Thus, the Indian business today demonstrates a noticeable activity and interest in the economy of Kazakhstan. In turn, economic diplomacy will continue to enhance bilateral cooperation, using the built in mechanism of work.

World media monitoring

24.06.2019

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