INDIAN BUSINESSMEN ARE INTERESTED IN INVESTMENT COOPERATION WITH KAZAKHSTAN

A number of meetings of the Indian "Jaypee Group" company leadership with representatives of Kazakhstan state bodies, national and private companies as well as akimats of Astana and Almaty took place in Astana and Almaty. The meetings were held with the assistance of the Ambassador of Kazakhstan to India Bulat Sarsenbayev. The Indian businessmen have negotiated on cooperation in various spheres of economy with Energy Minister of Kazakhstan Kanat Bozumbayev, Vice-Minister of Investment and Development of Kazakhstan Khairov Yerlan, Deputy Minister of Internal Affairs Yuri Ilyin, Chairman of the Board of JSC "National Agency for export and investment KAZNEX INVEST" Borisbiy Zhangurazov, Akim of Almaty Baurzhan Baibek, Deputy akim of Astana city Malika Bekturova, Vice-President of JSC "NC "Kazakhstan Temir Zholy" Sanjar  Elubaev, as well as with the management of other Kazakh companies and banks.  The "Jaypee Group" delegation was headed by Co-Chairman and Managing Director of the holding Sunny Gaur who was accompanied by other key company executives.

"Jaypee Group" is one of the largest conglomerates of India whose activities are widely represented from energy to medical services. The management of the company has a significant interest in the possibility of opening and operating a diversified business in Kazakhstan, considering the bilateral cooperation in such projects as construction of highways between regional centers in Kazakhstan with the possibility of opening of credit line "EXIM Bank of India" (Export–Import Bank of India), privatization or taking under control one of medical institutions in Kazakhstan with the aim of providing medical services to the population with the assistance of qualified Indian doctors, development and construction of hydroelectric power stations of low and medium power,  construction of hotels in Astana, Almaty as well as in resort areas, participation in the production and export of fertilizers, the possibility of participation in the construction of the IT center in the Republic of Kazakhstan and maintaining its further functionality. Overall, Indian businessmen are positive about the investment climate of Kazakhstan and look forward to further successful cooperation in all areas of the business.

As a result of the visit a «Memorandum of understanding» between «JayPee Group» and JSC «National export and investment agency "KAZNEX INVEST» was signed.

 

For additional information, please contact: pr@kaznexinvest.kz, +77172919040 intern number.1090

_____________________________________________________________________________

REFERENCE

«JAYPEE GROUP»

"Jaypee Group" is a holding company with a diversified infrastructure in the field of engineering and construction, cement production, power generation, coal mining and iron ore, hospitality, healthcare, information technology, education. The total annual revenue of the business group valued at more than $ 2 billion. USA. Employing about 25 000 people. Strategic business development related to infrastructure development.

KAZNEX INVEST

The joint-stock company "National export and investment agency "KAZNEX INVEST" of Ministry for investments and development of the Republic of Kazakhstan is a national development institute serving for assisting in development and advancement of Kazakhstan non-resource export and attracting direct foreign investments into high priority sectors of economy.