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

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search