Kazakhstan-India: strengthening relations in trade, economic and investment spheres

Kazakhstan-India: strengthening relations in trade, economic and investment spheres

10 January 2024, Gandhinagar, India – Kazakh delegation led by the Vice-Minister of Trade and Integration of Kazakhstan Mr. Kairat Torebayev attended the 10th Global Summit «Vibrant Gujarat 2024», which was held in the exhibition and conference center “Mahatma Mandir” in Gandhinagar (State of Gujarat). The Kazakh delegation also included the Ambassador of Kazakhstan to India H.E. Mr. Nurlan Zhalgasbayev and representatives of Kazakh national companies of the economic block, such as JSC «Qaztrade», JSC «KazakhExport» and JSC «NC «Kazakh Invest».

The Vibrant Gujarat Global Summit is a reputable global forum for business networking, knowledge sharing, strategic partnerships and sustainable development. The 2024 Summit has attracted over 100,000 participants from 140 countries.

The delegation took an active part in the work of the Summit. Thus, meetings were held with Mr. S.Barthwal, Secretary of the Ministry of Commerce and Industry of India, Mr. P.Jain, Secretary of the Ministry of Petroleum and Natural Gas of India, and Mr. D.Ravi, Secretary (ER) of the Ministry of External Affairs of India. The parties exchanged views on current situation with bilateral economic relations and prospects of their development.

Within the framework of the Summit, the Embassy with the assistance of the Ministry of Trade and Integration of the Republic of Kazakhstan, «Qaztrade» JSC and Indian CCI «FICCI» organized a country seminar on the theme: «Kazakhstan-India: Emerging Ties», during which the participants were provided detailed information on mutual trade between Kazakhstan and India, export potential, financial and non-financial measures to support Kazakhstan's exports and investment opportunities in the country.

Representatives of JSC “Qaztrade”, JSC “KazakhExport” and JSC “NC “Kazakh Invest”, participated as speakers along with Mr. K.Torebayev. The speaker from the Indian side was the Minister of Tourism, Culture, Forests, Environment and Climate Change of Gujarat  Mr. M.H.Bera.