Meeting with TATA Group

New-Delhi, January 4, 2024 – The Ambassador of Kazakhstan to India, Nurlan Zhalgasbayev, met with Mr. V.Prasad, Vice President of TATA Projects, one of the head offices of the Indian multinational conglomerate TATA Group.

For reference: TATA Group is one of the largest companies in India by capitalization ($311 billion as of 2023) and total turnover ($130 billion as of 2022). It consists of 114 companies and branches in various business sectors. It has representative offices in more than 80 countries.

During this meeting, V.Prasad noted that TATA Group is considering the possibility of investing in the energy sector of Kazakhstan, including in the modernization of infrastructure and increasing the capacity of the electric networks of the Republic of Kazakhstan. In this regard, TATA Projects expresses interest in allocating investments in the energy sector from 400 million to 5 billion US dollars with simultaneous transfer of new technologies in this sector.

At the end of the conversation, N. Zhalgasbayev briefed the Speaker on the main points of the interview of Head of State Kassym-Jomart Tokayev to the “Egemen Qazaqstan”, as well as the political and economic reforms he is carrying out in our country.

As a result of the meeting, an agreement was reached on further actions in identifying and coordinating potential energy projects with relevant Kazakh departments.