Nuclear deal with Kazakhstan soon: Krishna

May 12. New Kerala. Astana

Nuclear deal with Kazakhstan soon: KrishnaIndia and Kazakhstan will soon finalise a civilian nuclear agreement, which will facilitate Indian investments in mining and supply of uranium from the central Asian nation, External Affairs Minister S.M. Krishna said here Wednesday.

“I am confident that an Inter-governmental Agreement on Civilian Nuclear Energy cooperation will be finalized soon,” Krishna said at a joint press conference with his Kazakh counterpart, Kanat Saudabayev.

Listing the possible areas of cooperation in civilian nuclear area, Krishna said: “This sector has immense possibilities for bilateral cooperation, including for supply of uranium ore, investment by Indian companies in mining in Kazakhstan, construction of nuclear reactors and others.”

Kazakhstan is the world’s second largest producer of uranium after Australia. Australia has refused to supply uranium to India saying it cannot supply the strategic mineral to countries like India which have not signed the nuclear non-proliferation treaty (NPT).

Krishna, who arrived on a three-day visit to Kazakhstan Tuesday, will meet President Nursultan Nazarbayev and Prime Minister Karim Massimov later Wednesday. President Nazarbayev was the chief guest at India’s Republic Day celebrations in 2009.

Krishna also expressed optimism about the deepening of cooperation in the hydrocarbon sector.

“I am confident that an agreement between ONGC Videsh Limited (OVL) and KazMunaiGas on exploration and production in the Satpayev Oil Block will be concluded soon,” he said.

He also referred to thermal power, transportation and banking as other sectors where discussion on cooperation are in an advanced stage. “For instance, a premier Indian Bank – Punjab National Bank – will soon commence commercial operations in Kazakhstan,” Krishna said.

Krishna said he and Saudabayev conducted a “comprehensive review” of bilateral relations in all spheres, including strategic affairs.

The minister thanked Kazakhstan for its “steady support” to India’s campaign for a permanent membership of the United Nations Security Council.

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Kazakh-Indian business forum to be held in Astana


Indian Minister for External Affairs Somanahalli Mallaiah Krishna will take part in the joint with Kazakhstan business forum.

Besides, representatives of the largest Indian companies in the sphere of engineering, pharmacy, construction industry and energy, representatives of the state bodies, associations, national companies and business circles will come to Kazakhstan.

Kazakhstan will introduce investment opportunities of the country to the Indian side within the framework of the Program of Forced Industrial and Innovative Development. It is planned to discuss the issues of trade-economic cooperation with India, opportunities of creation of joint productions, business contacts establishment.

According to the Ministry of Industry and New Technologies, the trade turnover between Kazakhstan and India made up USD 253.3 mln in 2009.

207 joint enterprises with participation of the Indian capital are functioning in Kazakhstan.

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Kazakhstan, India sign agr’t on cooperation in fields of culture, arts, media and sport


Muratbek Makulbekov

The talks in enlarged format were held within the framework of Indian Foreign Minister’s visit to Kazakhstan today; Kazinform has learnt from the Kazakh MFA’s press service.

Before the talks Minister Somanahalli Mallaiah Krishna met with Kazakh Secretary of State and Foreign Minister Kanat Saudabayev.

The issues of Kazakh-Indian cooperation in political, economic and humanitarian spheres were discussed during the talks. As a result the sides signed the agreement between the Governments of Kazakhstan and India on cooperation in the spheres of culture, arts, media and sport.

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Kazakhstan and India share common ground on issues of struggle against terrorism: Indian Foreign Minister


Muratbek Makulbekov

Kazakh Secretary of State – Foreign Minister Kanat Saudabayev has met with Indian Foreign Minister Somanahalli Mallaiah Krishna today, Kazinform refers to the Kazakh Foreign Ministry.

The sides discussed current state of bilateral relations, prospects for development of the Kazakh-Indian strategic partnership and process of realization of the agreements achieved during the visit of the Kazakhstan President to India in January last year.

Concerning the issue of trade and economic cooperation the Foreign Ministers noted that achieved level of economic ties doesn’t correspond to the great potential that the cooperation between two states has. In this regard, K.Saudabayev briefed his colleague on the Forced Industrial-Innovative Development Program of Kazakhstan and expressed interest in participation of India in its implementation. The interlocutors complimented the level of interaction within such global and regional organizations as the UN, SCO and the CICA.

S.M. Krishna emphasized the similarity of positions of Kazakhstan and India on a range of topical regional and international issues, in particular, issues of struggle against terrorism.

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Kazakhstan should consider India as developing strategic partner – S. Krishna


Kanat Kulshmanov

“Kazakhstan should consider India not only as a market, but as a dynamically developing strategic partner”, India Foreign Minister Somanahalli Mallaiah Krishna has said today at the forum “Kazakhstan – India” in Astana.

According to him, the relations between the two states develop successfully, particularly over the past few years. He noted that the countries had a huge potential of economic cooperation. The Minister expressed hope that the states could reach even greater increase in commodity circulation this year. “The growing economies of Kazakhstan and India should have bilateral economic and trade relations amounting to several billions of US dollars”, he resumed.

According to the Kazakh Ministry of Industry and New Technologies, the volume of trade turnover between Kazakhstan and India reached USD 253.3 million in 2009. More than 200 companies with Indian capital operate in Kazakhstan.