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Modi invites Kazakhstan to ‘Make in India’

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Astana: Prime Minister Narendra Modi on Tuesday urged Kazakhstan to participate in India’s “Make in India” initiative, Smart Cities and urban infrastructure programme to create a win-win partnership.

Addressing CEOs of both countries at a business meet, Modi also praised Kazakhstan’s development and progress.

He said Kazakhstan, despite being landlocked, has moved forward in development, which needs to be admired and praised.

Citing the Satpayev oil block, in which India’s OVL is participating, Modi said the oil block began exploratory drilling on Tuesday.

He proposed that Indian oil firms could invest with new technologies in Kazakhstan’s vast energy sector.

Modi also proposed cooperation in agriculture and milk production.

He said the “Make in India” initiative meshes perfectly well with Kazakh President Nursultan Nazarbayev’s “Nurly Zhol” programme.

“I invite you to Make in India. You have the raw materials and we have the youth who can contribute. We can cooperate in this sector,” Modi said.

He also invited Kazakhstan to participate in modernisation of the Indian Railways in which 100 percent FDI is allowed.

“Smart cities, modernising towns, urban infrastructure are all sectors in which Kazakhstan can participate,” he said.

“The more our cooperation increases, the more it will be beneficial for our nations,” the Indian prime minister said.

“Space, cyber security, health, infrastructure… these are sectors in which we can work together. We have taken up a mission of smart cities. This will interest those working on urban areas and infrastructure,” he said.

 

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Prime Minister Narendra Modi Stern On Intensifying India-Korea Economic Relations

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018. 

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Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: "Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion." Pixabay

Making a call to intensify the India-Korea economic relations, Prime Minister Narendra Modi here on Thursday urged more Korean businesses to turn their attention towards India.

“I wish to see more and more Korean businesses turning their attention to India,” Modi said.

Addressing the India-Korea Business Symposium, Modi who is on a two-day official visit to South Korea, said India has become one of the most open countries for foreign direct investment (FDI), recording $250 billion inflow in the past four years.

India
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.
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Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: “Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion.”

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018.

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Trade Groups Claim, American’s Detention Is A Potential Moment For Russia. Pixabay

“Not just trade, in terms of investment also we are seeing a positive turn. Korean investments into India have reached a cumulative figure of almost $6 billion,” the Prime Minister said.

Noting that the South Korean National IT Industry Promotion Agency (NIPA) has opened its India office in Bengaluru to facilitate Korean startups in India, the Prime Minister said both the countries have decided to set up a future strategy group (FSG) and a centre for research and innovation cooperation.
Also Read: Trade Groups Claim, American’s Detention Is A Potential Moment For Russia
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.

India, he said, has jumped to the 77th spot on the World Bank’s “ease of doing business” rankings on the back of reforms and is determined to break into the top 50 next year. (IANS)