SME Times News Bureau | 29 Jan, 2019
Kyrgyzstan and India are
considering establishment of joint financing mechanisms to accelerate
two-way investment and trade in a range of areas, said visiting Kyrgyzstan Foreign Affairs Minister, Chingiz
India-Kyrgyzstan Business Forum -From Intentions to Action - Only One Step',
organised by FICCI, Aidarbekov said that Kyrgyzstan is seeking two-way
trade relation in fields like energy, IT, mining, textiles, education, medical
and pharmaceutical sectors.
He added that Kyrgyzstan -India relations have risen
to a new level. Yet the full potential is yet to be realised for which it was
imperative to remove barriers to trade and investment.
He said a special department on economic diplomacy had
been set in the Kyrgyz Foreign Affairs Ministry and provinces were being
encouraged to do the same.
Aidarbekov said there was huge scope for
investment from India in Kyrgyzstan's energy sector, especially in hydropower
generation. Likewise, there was potential in mining and education, he added.
Manoj K. Bharti, Additional
Secretary, Economic Diplomacy and States, Ministry of External Affairs, spoke of the need for ease of land and
aerial connectivity between the two countries for greater people-to-people
This could also be facilitated by the screening of Indian
films on a commercial basis, he added.
Shailendra Singh, Additional
Secretary, DIPP, Ministry of Commerce and Industry, outlined the reforms undertaken by India by way
of liberalising the FDI regime, simplification and rationalisation of rules,
introduction of GST, simplification in procuring construction permits and
introduction of the Insolvency and Bankruptcy Code.
Sandip Somany, President,
FICCI and Vice Chairman & Managing Director, HSIL Ltd., held out FICCI's three-point
agenda focussing on enhancing cooperation in energy, education, railways,
machinery, mining and metallurgy, IT, tourism and textiles; connecting Indian
States with the provinces in Kyrgyzstan and deepening partnership in innovation