Modi Invites Kazakh Sovereign Wealth Fund To Invest In Make In India

Modi said that business leaders of the two countries can work together in the fields of hydro-carbon, space, cyber security, health, infrastructure, and minerals.

"We have taken up a mission of 100 smart cities. This will interest those working on urban areas and infrastructure," the he said, adding that "the more our cooperation increases, the more it will be beneficial for our nations".

Modi said, "As you have changed Astana in the last 20 years, you can help in developing smart cities." India has opened up FDI up to to 100% in railways sector and investors can participate in modernising the network, which is second largest in the world. He said both the countries have to work together to improve connectivity and focus on technology and training.

"We are made for each other", the Prime Minister said, stressing that while Kazakhstan has natural resources in abundance, India is big market with huge demand. He said Kazakhstan could also benefit from India's strength in the IT sector.

Poor connectivity, he said, is the biggest barrier to deepening of economic engagement between the two countries, and called for improving it. Modi and Prime Minister of Kazakhstan, Karim Massimov, also witnessed the commencement of drilling at the Satpayev Exploration Block, where ONGC Videsh Ltd has a significant stake.