India agrees to provide USD 200 million Line of Credit to support development projects in Kyrgyzstan

By: |
October 11, 2021 3:22 PM

Jaishankar arrived here on Sunday as part of his four-day visit to Kyrgyzstan, Kazakhstan and Armenia with an aim to further expand bilateral ties with the three Central Asian countries.

India Kyrgyzstan tiesJaishankar said that discussion on developments in Afghanistan and its implications for the peace and security of the region occupied some time in his talks with Kazakbaev. (Photo source: Twitter/@@DrSJaishankar)

India on Monday agreed to provide a USD 200 million Line of Credit support for development projects in Kyrgyzstan, as External Affairs Minister S Jaishankar held “constructive” talks with the Kyrgyz leadership to boost bilateral ties, including defence cooperation and discussed global issues like Afghanistan.

Jaishankar arrived here on Sunday as part of his four-day visit to Kyrgyzstan, Kazakhstan and Armenia with an aim to further expand bilateral ties with the three Central Asian countries.

“Cordial and constructive talks with FM Ruslan Kazakbaev of Kyrgyz Republic. Agreed on USD 200 million LoC to support development projects. Also concluded an understanding on executing high impact community projects,” Jaishankar tweeted.

According to a statement by the Ministry of External Affairs, the signing of the MoU on High Impact Community Development Projects (HICDP) will enable implementation of quick community development projects in various sectors for the benefit of common people under full grant funding by the Government of India.

Jaishankar said that discussion on developments in Afghanistan and its implications for the peace and security of the region occupied some time in his talks with Kazakbaev.

“We are closely following the developments in Afghanistan. It concerns all of us. Any instability in Afghanistan will have an impact in the region. There are expectations of the international community from the current regime in Afghanistan, which are adequately elaborated in the UNSCR 2593,” he said.

“India and Kyrgyz Republic have a shared approach to developments in Afghanistan,” he said in a tweet.Noting that India and Kyrgyz Republic traditionally share close and cordial relations underpinned by historical and civilisational ties, Jaishankar said that periodic high-level exchanges between the two countries has been useful in strengthening and expanding the horizons of the bilateral relations.

“I had today a detailed and productive meeting today morning with Foreign Minister Ruslan Kazakbaev on various facets of our cooperation. We shared an overall sense that our bilateral relations are progressing very well,” he said. They evaluated the defence exchanges and personnel-training between the two countries very positively during the discussions.

“Given our common interest in maintaining peace and security in the region, defence and security cooperation occupies an important place in our relations. We evaluated our defence exchanges and personnel-training very positively,” the MEA statement quoted Jaishankar as saying.

“We agreed to continue cooperation in the fields of high-altitude training and biomedical research. The conduct of annual military exercise Khanjar despite the constraints of Covid pandemic is noteworthy,” he said in the statement.

“Discussed need for early travel of Indian students and more liberal visa regime. Reviewed our defence and security cooperation positively,” he tweeted.

Jaishankar said that one area that needs a concerted push from both sides is bilateral trade and investments.”We agreed to encourage our Chambers and business to work closely while the governments will continue to play a facilitative role,” he said.

Jaishankar noted that the signing of the new Bilateral Investment Treaty in 2019 and the mutual agreement on the date of entry into force of the Amended Protocol of the India-Kyrgyz Double Taxation Avoidance Agreement (DTAA) are important steps towards that. Connectivity, which is a major impediment to bilateral trade, also figured prominently in the discussions, it said. “We believe that respect for sovereignty and territorial integrity is a prerequisite for any connectivity initiative,” he said.

Jaishankar said that the development Cooperation has been gradually emerging as an important pillar of cooperation between the two countries. “Our telemedicine centers have helped Kyrgyz people in rural areas get connected to medical facilities in cities,” he said.

As part of the evolving development partnership paradigm, the two countries agreed to explore joint-development projects in the fields of eco tourism, jewellery-design, pharma, medicines, medical education, IT Parks & data-banks.

India will also support establishment of three more Tele-Medicine Centers in Batken, Jalal-Ababd, and Chui regions of Kyrgyz Republic, the statement said.

The two countries agreed on greater emphasis on preservation and promotion of cultural links. “On the multilateral front, both our countries support each other in the UN and other multilateral forums including the SCO (Shanghai Cooperation Organisation). We agreed to continue with the tradition of our constructive partnership in the multilateral fora,” he said.

Jaishankar said that he is looking forward to calling on the President of Kyrgyz Republic Sadyr Japarov and seek his guidance on how to further strengthen the otherwise excellent bilateral relationship.

Jaishankar also gifted Indian epics and classics to the Manas-Mahatma Gandhi library in Bishkek. “Very pleased to gift Indian epics and classics to the Manas-Mahatma Gandhi library in Bishkek. Applaud the leadership of Prof. Turgunaliev in strengthening our cultural cooperation,” he tweeted. He also released a dictionary of common words in Hindi and Kyrgyz languages along with Foreign Minister Kazakbaev. “Thank @iccr_hq (Indian Council of Cultural Relations) and Kyrgyz State Language Commission for this initiative,” he tweeted.

Praising the Kyrgyz landscape, Jaishankar said that the lakes and peaks offer excellent destinations for Bollywood productions. An incentive-package by Kyrgyz side may open new avenues for Bollywood film shootings, he said. Jaishankar will be in Kazakhstan from October 11 to 12 to attend the 6th Ministerial meeting of the Conference of Interaction and Confidence Building Measures in Asia (CICA), the MEA said.

Jaishankar will visit Armenia on October 12 to 13 during which he will have meetings with his Armenian counterpart Ararat Mirzoyan and call on Prime Minister Nikol Pashinyan. His three-nation visit will be a continuation of India’s increased engagement with countries in its “extended neighbourhood”, according to the MEA.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Seven new defence CPSEs created
2PM Modi’s boost for Atmanirbhar Bharat in defence sector; Seven new companies dedicated to the nation
3India takes note of Bhutan and China pact on border talks