Subsequent to the launch meeting in New Delhi in February 2020, the 2nd meeting of India-Central Asia Business Council gathered the Chairmen of Chamber of Commerce from Kazakhstan, KyrgyzRepublic, Tajikistan , Turkmenistan, Uzbekistan and India in a virtual platform to discuss potential areas of cooperation and explore opportunities across the key sectors, including agriculture, energy, healthcare, pharmaceuticals, education and IT.
The parties agreed to establish four joint working groups pertaining to:
- Energy (Oil and Gas & Renewable Energy)
- Agro, Food Processing and Textile
- Pharmaceuticals and life sciences, health care services.
During his speech, the representative of KAZAKH INVEST Bulat Sarsenbayev thanked
Federation of Indian Chambers of Commerce & Industry (FICCI)
and Industry and the Ministry of External Affairs of India for organising this event and noted that India has been always placing a great emphasis on the development of cooperation with Central Asian countries.
“The official visit of Prime Minister of India Narendra Modi to our countries in 2015 opened a new page in our relations, particularly in trade and economics. For example, today the trade turnover between Kazakhstan and India reached more than $ 2 billion. The figure is almost four times greater than in 2015”, – stressed Bulat Sarsenbayev. Meeting were joined by the Ambassadors from Central Asian countries to India as well as the Ambassadors of India to the Central Asian countries.
Following the event, the Joint Declaration of all the participating countries was presented to the Ministers of Foreign Affairs of the countries.
India-Central Asia Business Council (ICABC) was established as an “Institutionalised Business Platform” and a consultation mechanism to bring together respective business leaders and presidents of apex industry associations of India, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan with existing and potential interests in the respective markets to discuss issues of mutual interest, particularly ways to strengthen the economic and commercial ties between the countries, and to communicate their joint recommendations to the Indian and their respective governments.