INDIA TO CONSIDER SIGNING AN INDUSTRIAL
COOPERATION MOU WITH KYRGYZ REPUBLIC
MOOKHERJEE
TO LEAD FIEO DELEGATION TO KYRGYZSTAN
PROTOCOL
OF INDO-KYRGYZ JOINT COMMISSION SIGNED
India has agreed
to consider signing an Industrial Cooperation Memorandum of Understanding
with the Kyrgyz Republic. This would give an impetus in promoting
industrial relations and increased business-to-business level
interaction between the two countries. This was indicated by Shri
S.B.Mookherjee, Minister of State for Commerce & Industry
and leader of the Indian delegation, while signing the protocol
of the 3rd session of the Indo-Kyrgyz Joint Commission
here today evening. Mr. S. M. Djienbekov, Minister of Foreign
Trade & Industry, signed on behalf Kyrgyz Republic. Shri Mookherjee
will lead a delegation from Federation of Indian Export Organisations
(FIEO) to Kyrgyz Republic in January next year to promote trade
and economic relations and explore new areas of cooperation.
Both the sides noted
that, the present volume of bilateral trade does not reflect the
potential that exist, though in recent years there was a movement
towards diversification and deepening of trade and economic links
between the two countries. The Kyrgyz side welcomed Indian gesture
of gifting of a Potato processing plant to be set up in Talas
province of Kyrgyzstan. It was informed that a 3-member team from
India visited Kyrgyzstan in July this year to prepare a techno-feasibility
report in this regard. Kyrgyz side indicated their interest in
attracting Indian investments in priority sectors like energy,
mining, light industry etc. Both the sides felt that increased
frequency of flights between Bishkek and New Delhi would not only
lead to greater tourist flows but also movement of business travelers.
The two sides noted
that there was a good scope for improvement in bilateral scientific
cooperation and recommended conclusion of a new Programme of Cooperation
in Science & Technology identifying specific joint research
projects and other scientific activities and finalizing the financial
terms. Indian side proposed to develop cooperation in the fields
of Glaciology, Geology and High Altitude Medicine. Both sides
agreed to take necessary measures to ensure sustainable growth
and continued diversification of bilateral trade.
