Surrounded by the Caspian Sea in the west to Russia in the North and China in the East, Kazakhstan the largest country in Central Asia and the ninth largest country in the world asserts great strategic importance. Strengthening the ties, a Joint Business Council (JBC) was established by FICCI and the Chamber of International Commerce of Kazakhstan to promote trade, economic, and investment cooperation between the two countries. It is pertinent to note that as of 2020, about 700 legal entities and branches with the participation of Indian capital are registered in Kazakhstan. According to the data, trade turnover between Kazakhstan and India in 2019 amounted to $ 1.9 billion, which is 46% higher than for the same period of the previous year. Kazakhstan is India’s largest trading partner in Central Asia. Of the five Central Asian countries speaking of India-Kazakhstan relations, India was one of the first countries to recognize the independence of Kazakhstan in the year 1991 followed by the establishment of diplomatic relations between both countries in the year 1992. India and Central Asia share longstanding historical, cultural, political, and economic relations. However, no official announcement has been made in this regard. The announcement to hold the Summit followed, as the Government decided to go ahead with the Republic Day celebrations after the rising COVD-19 cases in the country canceled the visit of the leaders of five central Asian nations as the Chief Guests. During the high-level meeting, the leaders are expected to discuss the evolving regional security situation in the context of the deteriorating security situation in Afghanistan. Prime Minister Narendra Modi will, be hosting the first of its kind engagement between India and Central Asian countries (Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan) in a virtual format on January 27, 2022.Īccording to the Ministry of External Affairs, during the first India-Central Asia Summit, the leaders are expected to discuss steps to take forward India-Central Asia relations to newer heights.
In a major push towards its extended neighborhood policy, India will host the first meeting of the India-Central Asia Summit. India to hold first India-Central Asia Summit
The thirty years of diplomatic ties between India and Kazakhstan fall in line with the Government’s decision to hold the first India-Central Asia Summit. The partnership between both nations has grown dynamically across the whole spectrum of cooperation. Kazakhstan the largest economy in Central Asia to mark the 30th anniversary of diplomatic relations with India in February 2022.
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