‘Kazakhstan Born Bold’ campaign aims to increase Indian FDI; offer incentives

Kazakhstan has Indian entrepreneurs to invest in the central Asian country for which incentives would be given to them.

Kazakhstan’s ambassador to India Nurlan Zhalgasbayev has said that the country has already introduced single-window support for investors, and also providing incentives such as import duty exemption and subsidy. There are 36 Special Economic Zones in Kazakhstan.

The priority sectors identified by the Kazakhstan government are food processing, machinery and engineering, pharmaceuticals, information and communications technology (ICT) and green and renewable energy.

“One of our primary goals is to attract more foreign investment by showcasing Kazakhstan as a dynamic and promising environment for business. We expect the campaign to enhance Kazakhstan’s visibility among international investors and business elites, leading to increased interest in sectors such as energy, technology, agriculture, and infrastructure,” according to ‘Kazakhstan Born Bold’ campaign.

The campaign strives to make Kazakhstan the primary hub for investment and innovation in Central Asia, linking Europe and Asia through strategic trade, logistics and infrastructure, and technological projects.Born Bold aims to raise Kazakhstan’s profile as a brave and dynamic global economic player and a pioneer in environmental and technological advancement. It seeks to enhance the country’s competitiveness, internal reforms, promotion of new investment opportunities, while preserving its unique cultural heritage and natural beauty.The campaign also aligns with Kazakhstan’s broader economic reforms, including the creation of free economic zones and fostering entrepreneurship. It aims to promote economic reforms which improve business regulation, enhance business transparency, and foster a climate of long-term stability, making Kazakhstan a more attractive destination for international business.