Minister of Industry and Construction Yersayin Nagaspayev held a meeting with the Ambassador Extraordinary and Plenipotentiary of the Republic of India to Kazakhstan, Sibi George.

The parties discussed the current state and prospects of bilateral cooperation in industry, noting the positive dynamics of trade and economic relations and the intensification of investment projects.

Special attention was given to cooperation in the mining sector, joint industrial and infrastructure initiatives, as well as collaboration in the defense industry.

Following the meeting, an agreement was reached to continue active dialogue and develop new initiatives in the field of industrial cooperation between Kazakhstan and India.

Reference:
In 2024, trade turnover between Kazakhstan and India amounted to USD 974.9 million (Kazakhstan’s exports – USD 464.2 million; imports from India – USD 510.7 million). Since 2005, direct investment from India into Kazakhstan’s economy has exceeded USD 500 million.