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Ruslan Kazakbaev asks India to invest more actively in Kyrgyzstan's economy

The Minister of Foreign Affairs of Kyrgyzstan urged Indian business to invest in implementation of projects in the Kyrgyz Republic. Press service of the Foreign Affairs Ministry of Kyrgyzstan reported.

According to the press service, Ruslan Kazakbaev met with executives and representatives of Indian state and private companies THDC India Limited, Rail Vikas Nigam Limited, CCI BRICS, Power Engineering Pvt Ltd, Generation Next Group and others within the framework of his participation in India-Central Asia dialogue in New Delhi.

He outlined the measures taken by the government to protect investment and support business, as well as told about a number of advantages of investing in Kyrgyzstan and called on Indian businessmen to invest in the economy of the Kyrgyz Republic.

The head of the Ministry of Foreign Affairs mentioned preferential tax regimes, membership of the Kyrgyz Republic in the WTO and the EAEU.

According to the results of 9 months of 2021 (January-September), the trade turnover between Kyrgyzstan and India reached $39.5 million, investments from India amounted to $687,000 only.

«The parties also discussed the potential of the two countries to implement joint projects in various sectors of the economy with a special emphasis on projects in hydropower, healthcare, transport and communications,» the statement said.

According to the Foreign Ministry, an agreement was reached to hold a Kyrgyz-Indian business forum.