Kazakh envoy lauds warm ties with India on 25th Anniversary of Kazakhstan's Independence

| Updated: Aug 23, 2017 11:20 IST

New Delhi [India], Dec.16 (ANI): Kazakhstan is celebrating its 25th Anniversary of Independence today and in this quarter of a century, has succeeded in establishing itself as a sovereign national economy with solid global political and economic ties, to become a full-fledged member of the world community. Kazakhstan gained its independence in a time of crisis, and many of the things that it envisioned and undertook had to be started from the scratch. The country had to transit itself from a socialist system to an open market economy, and this economic "shock therapy" in the post-Soviet era had to be done and achieved in the shortest possible time frame. Strategic decisions and actions were adopted to ensure the nation's development along expected lines. Encouragement was given for large-scale privatisation, the formation of the new legislation, the establishment of the financial and banking systems, the implementation of economic and political reforms, which resulted in attracting foreign investments, helped in the construction of the new capital - Astana, the opening of the Caspian Pipeline Consortium, the adoption of the Strategy "Kazakhstan-2030 " and the implementation of the two anti-crisis plans. India has emerged as one of Kazakhstan's key partners in this journey, says the country's envoy Mr. Bulat Sarsenbayev. He says that since gaining independence on December 16, 1991, Kazakh-Indian relations have developed steadily and gained in sustainability. Kazakhstan's President, Nazarbayev Nazarbayev, has visited India four times i.e. 1992, 1996, 2002 and 2009, and through each of his state-level visits, witnessed the dynamic development of bilateral ties in a variety of spheres of mutual interest to the two nations. In the last 25 years, Kazakhstan has moved from using a proactive anti-crisis strategy to starting its second five-year plan of industrial-innovative development. The state program of infrastructure development "Nur Zhol" was adopted and the 100 steps to implement five institutional reforms are currently under realisation. The government is eliminating the administrative barriers faced by small and medium-sized businesses, improving public administration, education and health. In terms of the Global Competitiveness Report of the World Economic Forum (WEF), Kazakhstan was ranked 42 in the world. The accumulated potential investment rose from five percent of GDP in 1993 to 65 percent in 2015. According to the human development index, Kazakhstan is equal with Russia but ahead of Turkey and some of the Middle and Far East countries. Kazakhstan has adopted and followed a balanced foreign policy and acquired a reputation of being a responsible actor in international relations. Recognition of its global stature can be gleaned from the fact that Kazakhstan carried the Organisation for Security and Co-operation in Europe (OSCE) Summit in Astana and will also be a non-permanent member of the UN Security Council for the years 2017-2018. It has constructively contributed to the strengthening of global and regional stability and is regarded as a leader in the process of nuclear non-proliferation. President Nazarbayev has directly supervised the formation of independent Kazakhstan and played a significant and decisive role in the integration of former Soviet Union countries to create the Commonwealth of Independent States (CIS). Since acquiring independence, Kazakhstan has pursued the goal of multi-level and multi-speed integration under President Nazarbayev's leadership. The creation of associations such as the Eurasian Economic Community (EurAsEC), Collective Security Treaty Organization (CSTO) and the Customs Union, the Common Economic Space, and the Eurasian Economic Union (EAEC) is a credit to its achievements in the global sphere. (ANI)