Kazakhstan and India aim to increase bilateral trade to $1 billion in the near future, with a long-term target of $3 billion. Expanding economic cooperation is becoming a key priority in their partnership. Diplomats, government officials and experts discussed new opportunities for growth in Astana. Analysts at the Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan (KazISS) see potential for further cooperation across several sectors. Kazakhstan could increase its exports of energy resources to India, including oil and uranium, as well as critical minerals. India, meanwhile, has established strengths in pharmaceuticals, technology, mechanical engineering and electronics. Experts say further trade growth will be supported by the development of logistics routes, stronger direct business ties and closer cooperation among businesses, government agencies and the expert community.
«We need to enhance our cooperation, particularly when it comes to transporting goods between our two countries. One of the proposals discussed at today’s conference was to develop research projects involving not only experts and government officials, but also representatives of the business and academic communities. They could provide clearer insights into what specific goods are reaching our markets and, for example, what banking transactions are involved,» said Aidar Kurmashev, Head of the Asian Studies Department at KazISS.
Another promising area is technological cooperation. Kazakhstan is actively developing its IT sector, while India has a large pool of skilled professionals with years of experience working in international markets. This combination opens up additional opportunities for joint projects, knowledge sharing and investment. The development of modern urban infrastructure is another area for expanding the partnership. A number of specific projects are already being explored. More than 30 major Indian development companies plan to visit Kazakhstan soon for talks.
«Companies coming to Kazakhstan to interact with all the stakeholders here, especially for Alatau City and Konayev, where Kazakhstan is developing a green field project for development. Because Alatau is being developed as an AI-driven smart city. So, where not only the real estate developers, but also smart real estate developers will be required. So, we are trying to bring in,» said Sailas Thangal, Indian Ambassador to Kazakhstan.
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