New Delhi, December 21, 2016.
Following the meeting of the President of Kyrgyzstan Almazbek Atambayev and the Prime Minister of India Narendra Modi, the both sides signed a number of bilateral documents:
Memorandum of Understanding between the two governments on cooperation in tourism; Memorandum of Cooperation in youth affairs; Agreement on cooperation in the fields of agriculture, food processing and reclamation; Memorandum of Understanding between the Kyrgyz military and the National Cadet Corps of India; Memorandum of Understanding between the Diplomatic Academy under the Ministry of Foreign Affairs of Kyrgyzstan and the Institute of Foreign Relations of the Republic of India; Memorandum of Understanding between Prasar Bharati and KTRK on cooperation in the field of broadcasting and exchange of audiovisual products. The both parties also initialed a bilateral investment treaty between the governments of Kyrgyzstan and India.
Almazbek Atambayev plans to create Kyrgyz-Indian Development Fund
“I have instructed to consider the creation of the Kyrgyz-Indian fund, like the Kyrgyz-Russian one, to support entrepreneurs from India,” the President of Kyrgyzstan Almazbek Atambayev said during a meeting with the Prime Minister of India Narendra Modi.
According to the President of Kyrgyzstan, both countries adhere to such values as human rights, democracy and the rule of law. Almazbek Atambayev stressed that today it is necessary to activate the relations between the two countries in the economic field. “We will discuss this topic with entrepreneurs at the business forum. It is necessary to radically increase the trade turnover between the two countries, but logistical issues should be resolved,” the head of state said.
India to supply cheaper but quality medicines to Kyrgyzstan
According to the agreement signed between the two countries within the framework of the Kyrgyz delegation’s visit,, India will supply to Kyrgyzstan cheaper but quality medicines.
Kyrgyzstan already has many such agreements with different countries. Over the past 20 years, pharmaceutical area has been developing rapidly; therefore, the Indian side is very interested in the construction of factories in Kyrgyzstan for the production of drugs.