Tajikistan invites India Inc. to strengthen bilateral trade

04 September, 2012

The President of Republic of Tajikistan has urged the captains of Indian industry for enhancing the bilateral trade through mutual economic co-operation and development between the two countries in various sectors like energy, mining, pharmaceutical, light industry, eco-tourism, roadways construction, agriculture, transport, communication and others.

Addressing A high level business meeting with various industry chambers, The Associated Chambers of Commerce and Industry of India (ASSOCHAM), Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI), Tajikistan's President Emomali Rahmon, who is on a four day visit to India, said that 'here is a huge scope to further intensify our economic and commercial relations and we are looking forward to close and fruitful co-operation with India.

“We will provide complete exemption of any tax and other levies to the investors bringing in the new and modern technology to Tajikistan,” said President Rahmon in a statement.

Talking about the renewable energy, President Rahmon said that there are significant opportunities for Indian investors in Tajikistan's hydropower sector as it has now shifted its focus on developing green and clean energy in the wake of rising global warming.

Dr. Farooq Abdullah, India's union minister for new and renewable energy said Tajikistan being rich in water resources, there is a need for both India and Tajikistan to work together to utilize these resources effectively.

“We can help training people from your country in India and help in putting up pilot projects in your country as renewable energy is the only answer to save people from global warming,” Dr. Abdullah said in a statement.

He also urged the visiting president to enable direct air connectivity between the two countries for easy accessibility through airline services for trade and industry. About six memorandums of understanding (MoUs) were also signed during the business meetings between the two countries.