Home / Knowledge / News / Atameken Union & CII sign MoU on establishment of Joint Economic Council
Atameken Union & CII sign MoU on establishment of Joint Economic Council
24
Jan '09
India's invitation for Kazakhstan President Nursultan Nazarbayev as the chief guest for India's 62nd Republic Day's Celebrations has been taken as a welcome sign by Kazakhstan. We hope to extend the political ties into greater economic cooperation, which at present stands at minuscule figures of $180 million, Said Mr. Azat Peruashev, Chairman, Atameken Union.

He was speaking at Business meeting with Atameken Union Business Delegation from Kazakhstan organized today by the Confederation of Indian Industry (CII). The meeting marked the signing of an MoU on establishment of Joint Economic Council between Atameken Union and CII. The MoU signing was followed by and interactive assembly of trade representatives from both nations.

He reaffirmed that the country apart from allowing private and public enterprises to set up commerce exchanges in Kazakhstan, will be offering services of Special Economic Zones (SEZ) setups that are at present under construction. Once the construction of these zones is completed the government will come up with comprehensive taxation policy. He pointed out that the textiles entities can now also consider setting up operations out of presently in service textiles SEZ in the country.

Offering remarks, Mr. S. Sen, Principle Advisor, CII, highlighted CII's efforts in energising corporations to engage in more interactions. He said, "Both Atameken Union and CII should work towards identifying key sectors for economic cooperation. At present the thrust has been on sectors like Oil & Gas, Metallurgy, Agriculture, Pharmaceuticals, machinery, textiles, and the likes. But both the industry bodies should categorize sectors that offer future growth."

Earlier in the welcome address, Mr. Sandeep Garg, Member, CIS Committee, CII and President – Caspian Region The Punj Lloyd Group identified, Information Technology, tapping nuclear, solar and wind energy as India's expert sectors on which Kazakhstan can capitalize upon.

Confederation of Indian Industry (CII)


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search