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
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

Courtesy: House of Fraser

Textiles | On 27th Apr 2017

House of Fraser's online sales up 16.1%

British department store group House of Fraser's online sales have...

Textiles | On 27th Apr 2017

Rieter completes 20 years of launching Com4 yarn

Rieter, the world's leading supplier of systems for short-staple...

Textiles | On 27th Apr 2017

Walmart releases 10th Global Responsibility Report

Walmart has released its tenth annual Global Responsibility Report,...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Jurgen Gauger

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

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

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

Kevin Nelson

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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