Astana, March 11: Kazakh and Indian experts convened at Maqsut Narikbayev University to discuss trade relations and the significance of the International North-South Transport Corridor (INSTC) in strengthening economic cooperation between the two nations. The discussion emphasized the corridor’s role in enhancing supply chains, attracting skilled professionals, and integrating advanced technologies in logistics and digital infrastructure.
Strategic Partnership and Investment Growth
Sanzhar Ualikhanov, head of the South Asia Directorate at Kazakhstan’s Foreign Ministry, emphasized the strengthening bilateral ties by highlighting Kazakhstan’s growth in manufacturing and the rise in Indian investments. He pointed out that in 2024, Kazakhstan launched 180 industrial projects valued at $2.4 billion, representing a 6% growth in the sector. By the end of 2023, Indian investments in Kazakhstan totaled $30.1 million, amounting to $460 million since 2005. Trade between the two countries approached $1 billion, with Kazakhstan serving a crucial role in India’s energy security. “Kazakhstan is a reliable partner for India in ensuring the supply of oil, gas, and other energy resources,” Ualikhanov stated, highlighting collaboration in pharmaceuticals, IT, agriculture, space, and defense.
“Kazakhstan is a reliable partner for India in ensuring the supply of oil, gas, and other energy resources,” Ualikhanov said, emphasizing cooperation in pharmaceuticals, IT, agriculture, space, and defense.
Indian Ambassador to Kazakhstan T.V. Nagendra Prasad stressed the importance of connectivity and infrastructure development, including the Chabahar Port, to enhance trade efficiency.
“Kazakhstan is a vital partner for India in the region,” he said, encouraging Indian enterprises to explore investment opportunities in Kazakhstan’s renewable energy, IT, and pharmaceuticals sectors.
Geopolitical Challenges and Trade Opportunities
Ashok Sajjanhar, President of the Institute of Global Studies, highlighted historical trade ties and current geopolitical challenges, including the Russia-Ukraine and Israel-Hamas conflicts, which have disrupted global trade. He emphasized that alternative routes like the INSTC offer new opportunities despite challenges such as infrastructure limitations, security risks, and inconsistent tariffs.
Future Collaboration and Economic Prospects
Zhanat Momynkulov of Eurasian National University described Kazakhstan as a key gateway for India into Central Asia. Given India’s rising energy demand, he noted opportunities for collaboration in IT, digital engineering, and energy.
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