Kazakhstan expands investment cooperation with leading Indian companies
An official visit of the Kazakh delegation headed by the Deputy Prime Minister - Minister of Foreign Affairs of the Republic of Kazakhstan Mukhtar Tileuberdi to India took place.
As part of the visit to New Delhi, a roundtable was held under the chairmanship of «NC «KAZAKH INVEST» JSC with the participation of Indian companies, including Adani Group, NMDC, NTPC, GMR Group, ARS Steels & Alloys International, Shapoorji Pallonji Group, ACE, Multani Pharmacueticals, etc.
In his speech, the Chairman of the Board of «NC «KAZAKH INVEST» JSC Meirzhan Yussupov noted the important role of Indian business in strengthening mutually beneficial cooperation with Kazakhstan in various sectors of the economy, including agribusiness, pharmaceuticals, infrastructure, IT, as well as mining and other sectors.
“Our countries are actively cooperating and implementing joint projects. This is a sign of investor confidence and evidence that Kazakhstan pays great attention to improving the investment climate in the country. Today we are taking part in a roundtable with the participation of leading Indian companies. This event clearly demonstrates mutual interest in further strengthening economic ties between our countries,” added the head of the national company Meirzhan Yussupov.
Aigul Nuralina, Project Manager of the Task Force Department of «NC «KAZAKH INVEST» JSC, spoke in more detail about the business climate in Kazakhstan, as well as its investment opportunities. The roundtable was moderated by the Representative of KAZAKH INVEST in India - Olzhas Alipbayev.
In addition, during the visit, the delegation held substantive bilateral meetings with the heads of Indian companies such as ARS Steel & Alloy International, GMR Group, Kusum Healthcare, at which issues were discussed on the implementation of potential projects in the mining and metallurgical complex, civil aviation (airport management), pharmaceuticals, etc.
At the same time, negotiations were held with the head of the metallurgical company "Monnet Group", which is currently implementing a project for the construction of a ferroalloy plant in the Zhambyl region totaling $125 million.
It should be noted that India is an important investment partner for Kazakhstan. Over the past 15 years, India has invested over $360 million in the Kazakh economy. The mutual trade turnover between Kazakhstan and India in 2020 reached almost 2.4 billion US dollars, showing an increase of 27.3% compared to 2019. Currently, there are about 300 companies with Indian capital operating in our country.
