India & Kazakhstan identify IT & digitization among priority areas for partnership
IT, healthcare, tourism and education have been identified as key fields where India and Kazakhstan can expand partnership, according to Indian Ambassador to Kazakhstan T.V. Nagendra Prasad.
Indian investments also have big potential in Central Asia’s richest and biggest state
In an interview with Kazakhstan’s leading English daily The Astana Times, Prasad referred to trade and investment, cultural ties and educational exchanges that are key to the future of bilateral relations.
According to Prasad, the Central Asian region holds strategic importance for India as it considers the region its “extended neighborhood.”
“…due to its strategic location, Central Asia is crucial for security, connectivity and trade and economic relations.
Kazakhstan obviously has a significant place as the largest country and economy in the region. Its rich abundant natural resources, including minerals, growing economy and adaptability to technology have huge potential for India-Kazakh cooperation across the sectors,” said Prasad.
Kazakhstan is India’s largest trade and investment partner in Central Asia.
Total bilateral trade between India and Kazakhstan amounted to $1 billion in 2023, according to Prasad.
Kazakhstan’s top exports to India are petroleum oils, hydrogen, silver, asbestos and ferroalloys, while India exports pharmaceuticals, electronics, tea, motor vehicles and ceramics.
The IT sector and digitalization, in particular, have much potential, according to the ambassador.
“Kazakhstan is increasingly focusing on developing its technology and innovation sector, with a growing startup ecosystem and government support for IT development. Indian tech companies and startups can consider partnering with Kazakh counterparts or
