The “Central Asia Business Council” was launched in New Delhi. The event was organized by Federation of Indian Chambers of Commerce & Industry (FICCI) and addressed by India’s External Affairs Minister Dr S Jaishankar. This was the first instance when the business chambers of all five Central Asian states i.e. Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan and Tajikistan, were brought together by India to push trade and investment partnership.
The Central Asia Business Council is a common platform for the sharing of ideas and the transformation of goodwill into practical outcomes and seeks to form a India-Central Asia Development Group. The India-Central Asia Development Group will work to boost the trade by assessing the feasibility of air corridors between India and Central Asia. On the basis of mutual interest, the council has prioritized sectors to work upon. These sectors include pharmaceuticals, agro-processing, energy, urban infrastructure and transport, education and many other sectors.