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