ASSOCHAM Interaction with the Kazakhstan: Opportunities for Collaboration

Thursday, November 12, 2020

On November 9, 2020 an interactive session was organized by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Kazakh Invest, between India and Kazakhstan. The participants at the Webinar were presented with opportunities for collaboration and potential economic synergies between both the countries.
 
The webinar focussed on exploring the possibilities of collaboration between Indian and Kazakh companies in major economic sectors such as Agriculture, Food Processing, and Chemicals.
 
The webinar was graced by the following distinguished participants from India and Kazakhstan:
 
H.E. Mr. Prabhat Kumar, Ambassador of India to Kazakhstan
Mrs Shubhra, ITS Addl DG & Advisor (Trade), Ministry of Agriculture, Government of India
Mrs Rekha Mehta, Assistant General Manager, APEDA
Mr. S K Jindal, Chairman National Council of Commodity Markets ASSOCHAM, Chairman, Jindal Exports & Imports Pvt Ltd
Mr. Vivek Abraham, Vice President, Invest India
 
From Kazakhstan we had the following speakers:
H.E. Mr. Yerlan Alimbayev, Ambassador of Kazakhstan to India
Mr. Nurbek Dairbekov, Vice-Minister of Agriculture, Ministry of Agriculture, Kazakhstan
Mr. Zhandos Temirgali, Advisor to Chairman, Kazakh Invest National Company JSC
 
Indian and Kazakh Industries were represented by the following persons:
Mr. Sagar Kaushik, Chief Operating Officer, UPL Ltd
Mr. Dinesh Chopra, Member of Executive Committee of Indian Chemical Council (ICC)
Mr. Sunjay  Vuppulari,     President      &         National        Head  (Business Development), FASAR, Yes Bank
Mr. Rishab Goyal, Executive Director, Goyum Screw Press
Mr. Binod Anand, Advisor, Dhanuka Agritech
Mr. Konstantin Nevzorov, President of the Association Fat-and-Oil Union of Kazakhstan
Mrs Aigul Nuralina, Director, Regional Rep Office, Kazakh Invest in India
Mr. Vadim Lopukhin, Managing Director, Aldamar AgroExport
Mr. Samurat Zhemanovich Imandosov, President RZA JSC
 
In his opening remarks, Mr. S.K. Jindal welcomed the participants and thanked them for participating in the interactive session. He reiterated the importance of India-Kazakhstan relations.
 
Mr. Jindal further highlighted the significance of such meetings for growing relationship. “Without relationship nothing works. When we have good relations things do move’’, Mr. Jindal added.

He also highlighted how important it is to look beyond borders if growth is desired. He further added that Kazakhstan presents various opportunities and stated that there tremendous scope for bilateral cooperation between India Kazakhstan.
 
Mr. Vivek Abraham deliberated over the growth prospects of India. He also added how Kazakhstan remains one of the most important investment & trading partners in central Asia.
 
“India has become a world leader in almost every segment of the economy, such as IT, Agriculture, Consumer Goods, Infrastructure, Financial Services, retail, etc. and we still have a huge potential in all these sectors. All these sectors are a multibillion-dollar opportunity”, Mr. Abraham added.
 
During his remarks, H. E. Mr Yerlan Alimbayev, Ambassador of Kazakhstan to India, highlighted the fact that India and Kazakhstan are strategically partners. The bilateral trade between the two partners is expected to reach 2.5 billion USD by the end of 2020.

He stated that India-Kazakh cooperation is two-way road as Kazakhstan is not only a beneficiary, but an active investor also in Indian economy. In recent years, bilateral cooperation has seen dynamic growth in various sectors like agriculture.
 
H.E. Mr. Prabhat Kumar, the Ambassador of India to Kazakhstan in his remarks outlined the possibilities of cooperation between India and Kazakhstan in sectors such as IT, capital goods, agriculture, and energy.

Mr. Nurbek Dairbekov, Vice Minister of Agriculture of Kazakhstan
gave a detailed presentation on the Food and Agriculture sector of Kazakhstan and highlighted the incentives and support offered by the Government of Kazakhstan to all the investors.
 
Mrs Shubhra ITS Addl DG & Advisor (Trade),  from the Ministry of Agriculture, India  talked about the current bilateral trade between India and Kazakhstan and how there is still a lot of untapped potential. “Products like Tea, rice, fruits, wheat, potato, tomato, garlic, sugar, etc. are the major commodities, which India exports to a number of countries, and Kazakhstan can also consider India as one of the good suppliers of these products to further increase the trade”, she further added.
 
Mrs. Rekha Mehta, Assistant General Manager from APEDA made a presentation, which briefed the participants on the operations and role of APEDA in promoting the agricultural exports. She also talked about India’s potential in agriculture sector
 
Mr. Sagar Kaushik, Chief Operating Officer at UPL highlighted UPL’s role in offering innovative and services and solutions for developing the agriculture sector and making it sustainable. He also talked about company’s global presence and how UPL is working with farmers to improve farm outputs.
 
Mr. Dinesh Chopra from the Indian Chemical Council made a presentation on Petrochemicals and Chemicals Industry of India. The presentation also highlighted the initiatives taken by the Government of India for chemical companies.
 
Mr. Sunjay Vuppulari, President & National Head (Business Development), FASAR, Yes Bank provided an overview of the Indian food processing industry and talked about key growth drivers and opportunities for Kazakh investors.
 
Mr. Rishab Goyal’s presentation highlighted the contribution of Goyum Screw Press to the food processing industry and company’s business model and verticals. Goyum Screw Press has been actively exporting its global-quality standard products to the Central Asia.
 
Mr. Binod Anand, talked about shared cultural values between India and Kazakhstan and the older ties in terms of silk route. He further gave an overview on Dhanuka Group providing crop protection solutions for farming communities.

Mr. Zhandos Temirgali made a detailed presentation on the activities undertaken by Kazakh Invest National Company JSC to boost the bilateral trade and its various projects.

Mr. Konstantin Nevzorov
gave a brief presentation on the projects of Fat-and-Oil Union of Kazakhstan.

Mrs. Aigul Nuralina
proposed the vote of thanks and she thanked all the distinguished panellists and participants for making the interactive session a successful one.
 
The first session on Business was moderated by Ms. Aarati Sharma, Director, International Affairs Division, ASSOCHAM and the second session on Networking and Match Making was moderated by Mr. Gaurav Sishodia, Assistant Vice-President, Invest India.
 
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