India is interested in expanding trade and economic ties with Kyrgyzstan
Bishkek, February 3 / Kabar /. Minister of Economy and Antimonopoly policy of Kyrgyzstan Temir Sariyev met with Indian Ambassador to the Kyrgyz Republic Phunchok Stobdan.
The purpose of the meeting was to discuss bilateral cooperation, as well as a symposium organizing by the Indian party in honor of the 20th anniversary of establishment of diplomatic relations between the two countries, the press service of the Ministry of Economy and Antimonopoly policy reports.
The Kyrgyz Minister said that today India has huge potential. According to data of the UN in the next 20 years the population of India equals the population of China. As for bilateral cooperation, the Minister noted the positive dynamics of bilateral trade over the past few years. Last year trade turnover with India increased by 152%, export 8,7 times, import by 129.4% but level of foreign direct investment from India into the economy of the Kyrgyz Republic is not stable. In this regard, the Minister expressed interest in attracting investment for joint projects in the KR.
Ambassador P. Stobdan expressed gratitude for the opportunity to meet and discuss issues of bilateral cooperation.
The Embassy of India also expressed desire to organize a trade exhibition with the participation of businessmen on the occasion of the 20th anniversary of establishment of diplomatic relations between Kyrgyzstan and India.
The Indian Ambassador told that “Our economic standards rose, Indian businessmen are ready to invest in the tourism sector. However, the problem with visa remains vital”. Minister T. Sariev said that the Ministry of Economy together with the Ministry of Foreign Affairs of the KR will solve these issues.
As a result of the meeting, the both sides expressed confidence that the Kyrgyz-Indian relations will continue to be developed fruitfully.