In­sti­tu­tional Meet­ing of In­dia-Kazakh JBC sets time-bound agenda

FICCI Business Digest - - Internacional Initiatives -

A busi­ness del­e­ga­tion led by the Fed­er­a­tion of In­dian Cham­bers of Com­merce & In­dus­try (FICCI) vis­ited As­tana along with the CoChair of the In­dia Kazak Busi­ness Coun­cil for the First In­sti­tu­tional Meet­ing of In­dia- Kaza­khstan Joint Busi­ness Coun­cil (JBC) in As­tana, Kaza­khstan on May 19, 2016.

The First In­sti­tu­tional Meet­ing set the agenda for the Joint Busi­ness Coun­cil, de­fined the fo­cus ar­eas of co­op­er­a­tion be­tween In­dia and Kaza­khstan, rec­om­mended time-bound ac­tiv­i­ties for the JBC and reaf­firmed its com­mit­ment to fur­ther strengthen In­dia Kaza­khstan Eco­nomic Co­op­er­a­tion. The JBC also un­der­lined busi­ness and in­vest­ment at­trac­tive­ness of In­dia and Kaza­khstan and high­lighted the eco­nomic out­look and sev­eral pol­icy ini­tia­tives taken by both gov­ern­ments for im­prov­ing in­vest­ment and trade cli­mate in the two coun­tries.

The mem­bers of the Joint Busi­ness Coun­cil from FICCI, the apex in­dus­try body of In­dia, joined the In­dian Am­bas­sador in Kaza­khstan at the in­au­gu­ra­tion of the 'In­dia Pav­il­ion' at the 'As­tana Build-2016', which is a ma­jor sec­toral ex­hi­bi­tion on con­struc­tion sec­tor in Kaza­khstan. The Am­bas­sador of Repub­lic of In­dia to Kaza­khstan and Am­bas­sador of Repub­lic of Kaza­khstan to In­dia, ac­com­pa­nied by in­sti­tu­tional mem­bers of the JBC made a tour of the 'In­dia Pav­il­ion' and in­ter­acted with each In­dian stall. The 'In­dia Pav­il­ion' at 'As­tanaBuild-2016' or­ga­nized by FICCI with the sup­port of the De­part­ment of Com­merce, Min­istry of Com­merce and In­dus­try, In­dia, com­prised 45 com­pa­nies from the con­struc­tion in­dus­try in In­dia.

Dur­ing the In­sti­tu­tional Meet­ing, dis­cus­sions from the In­dian side were led by Di­nesh Sood, Se­nior Part­ner, Sun Group and Yerzhan Blokovich Shaikenov, Co-Chair, Kaza­khstan-In­dia Joint Busi­ness Coun­cil from the Kazakh side.

The Kazak side was rep­re­sented by Yerzhan Blokovich Shaikenov; E. Shaikenov, Chair­man of the Board of JSC “Ten­griBank”; Azh­mat Kamza­e­vich, Alimov, Deputy Chair­man of Kazak In­dia Busi­ness Coun­cil and Rus­lan Sul­tanov, Chair­man of Cham­ber of In­ter­na­tional Com­merce, Kaza­khstan.

High­light­ing the im­por­tance of the first meet­ing of the In­dia Kazak JBC, Di­nesh Sood stressed the im­por­tance of In­di­aKaza­khstan bi­lat­eral com­mer­cial and eco­nomic re­la­tions and peo­ple-to-peo­ple con­nect be­tween the two coun­tries. He said that the visa process be­tween In­dia and Kaza­khstan needs to be con­sid­er­ably eased to fa­cil­i­tate travel of the busi­ness com­mu­nity from both coun­tries and the gov­ern­ments of both the coun­tries should set up systems which help the com­pa­nies to take the first step for the busi­ness; which is the most dif­fi­cult one.

A pro­to­col of the first Kaza­khstan-In­dia Joint Busi­ness Coun­cil was signed by FICCI and CIC which reaf­firmed com­mit­ment by both sides to fur­ther strengthen eco­nomic co­op­er­a­tion and set spe­cific goals and task for fur­ther de­vel­op­ment of eco­nomic and so­cio-cul­tural ties be­tween In­dia and Kaza­khstan.

Both sides agreed to or­ga­nize the next meet­ing of the Joint Busi­ness Coun­cil in New Delhi in 2016.

Harsh Jain, In­dian Am­bas­sador to Kazakhstan (cen­tre), in­ter­act­ing with In­dian ex­hibitors at the In­dia Pavil­ion of 'Build As­tana'.

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