Latest News | Kazakhstan Seeks Investments from Indian Entrepreneurs
Get latest articles and stories on Latest News at LatestLY. Kazakhstan on Thursday urged Indian entrepreneurs to invest in the central Asian country for which incentives would be given to them.
Kolkata, July 20 (PTI) Kazakhstan on Thursday urged Indian entrepreneurs to invest in the central Asian country for which incentives would be given to them.
Kazakhstan's ambassador to India Zhalgasbayev Nurlan said that the country has already introduced single-window support for investors, and also providing incentives such as import duty exemption and subsidy.
Speaking at a session organised by the Merchants' Chamber of Commerce & Industry, he said that there are 36 Special Economic Zones in Kazakhstan.
In the previous financial year, bilateral trade between India and Kazakhstan grew 17 per cent to USD 2.4 billion, he said.
Also Read | Himachal Pradesh Flash Floods: Rains Wreak Havoc in State, 130 Dead in Monsoon-Related Incidents.
The priority sectors identified by the Kazakhistan government are food processing, machinery and engineering, pharmaceuticals, information and communications technology (ICT) and green and renewable energy, Nurlan said.
"There are immense prospects for cooperation in the fields of natural resources, logistics, transportation, digital economy and information technology," he added.
Engineering Exports Promotion Council (EEPC) India chairman Arun Kumar Garodia said the commercial relations between the two countries have been strengthening in recent years with merchandise exports from India rising to USD 436.5 million in 2022-23.
Honorary Consul of Kazakhstan in Kolkata Vishal Jhajharia said the West Bengal government's proactive approach in promoting investments and industrial development creates an ideal environment for mutually beneficial relationships. PTI dc
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)