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India, Turkey discuss bilateral, regional and global issues:
India and Turkey on Tuesday held delegation level talks in the
capital in which the two sides discussed bilateral, regional and
global issues
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Almaty (Kazakhstan):
The Embassy of India in collaboration with the Kazakhstan Chamber of
Commerce and Industry organized a business seminar titled “Doing
Business with India” at Almaty on March 3.
The seminar was organized with the support of the
Investment and Technology Promotion Division of the Ministry of
External Affairs, Government of India.
The objective of the seminar was to inform Kazakh
decision and policy makers, and businessmen, to focus on developing
and promoting economic and commercial relations with India.
It was also designed to bridge the “information
divide” that exists between the business communities of India and
Kazakhstan by sharing and exchanging information on the prospects
and potential for enhancing business and economic cooperation
between the two countries.
Inaugurating the event, India's Ambassador to
Kazakhstan, Ashok Sajjanhar referred to the dynamic and vibrant
growth in bilateral economic relations over the last few years,
particularly since the visit of President Nazarbayev to India as the
Chief Guest at India’s 60th Republic Day celebrations in January,
2009.
He said several important agreements were signed and
decisions taken during that visit to promote cooperation in
different sectors including hydrocarbons, thermal power generation,
healthcare, civil nuclear energy, petrochemicals, IT,
pharmaceuticals, infrastructure, agriculture and others.
Ambassador Sajjanhar also noted that significant
progress has taken place in several of these areas, particularly
pharmaceuticals, domestic and industrial radiators and banking to
name a few.
Ambassador Sajjanhar also provided a brief account of
the resilience and dynamism of the Indian economy which,
notwithstanding the international economic crisis, grew by 6.7
percent in 2008-2009 and is expected to grow at 7.5 percent during
the current financial year.
He said that India has continued to receive FDI of
around USD 35 billion during the last two years which is testimony
to the confidence that India enjoys amongst the international
investors and financial community.
India’s savings rate has continued to grow and
currently stands at 37 percent of its GDP. He expressed confidence
that India will once again be able to achieve 9% growth in the very
near future.
Ambassador Sajjanhar noted that Kazakhstan is rich in
mineral resources while India enjoys immense advantage in technology
and highly skilled manpower. He expressed India’s readiness to
collaborate with Kazakhstan in the area of economic diversification
and value addition, promote innovation and manufacture and develop
its human resources and skilled manpower.
He urged Kazakh policy makers, businessmen and industrialists to
upgrade their relations with India and take advantage of the vast
opportunities that are available for further strengthening bilateral
economic and commercial relations.
In their remarks, the Deputy Governor of Almaty Serik
Seidumanov, Ambassador Bakyt Ospanov and Vice President of
Kazakhstan Chamber of Commerce and Industry Tatyana Zhdanova
extolled the rapid growth of Indian economy over the last several
years, notwithstanding the international financial crisis.
They expressed confidence and determination to
improve business and commercial relations between India and
Kazakhstan. All of them warmly congratulated the Indian Embassy for
several programmes and events organised by it to promote economic
and commercial cooperation between the two countries.
Presentations were made on the present trends in the
Indian economy and advantages of India as an investment destination
in different sectors like IT, ITES, biotechnology, infrastructure,
automotive components and others.
Indian and Kazakh businessmen spoke at length about
the prospects and opportunities available for promoting bilateral
cooperation, particularly in sectors ranging from tourism, oil and
gas, education, IT and pharmaceuticals to infrastructure,
innovation, financial services and energy transmission and
distribution etc.
The event was attended by around 100 participants.
(ANI)
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