Astana International Finance Center seeks partnerships with BSE, GIFT

NEW DELHI: Astana International Finance Center (AIFC), an rising economic hub in Central Asia and Eurasia is searching for partnership with Bombay Stock Exchange and Gujarat’s GIFT, to research from know-how and revel in of Indian entities except allowing wider presence of Indian agencies in Eurasia and Russia.

This became a key theme at roundtable prepared here by means of AIFC and the Observer Research Foundation (ORF). Gautam Chikermane, Vice-President, ORF, Ambassador of Kazakhstan to India Bulat Sarsenbayev, Nursultan Serikbay, Deputy head, Business Development Group AIFC, Sultan Akimbekov, Director of Institute of Asian Studies, ORF fellows and representatives of Indian educational circles discussed the following questions: What are the worldwide developments impacting monetary improvement in the region? Where are the maximum promising possibilities for investments in the location? What demanding situations want to be overcome to recognize the vicinity’s economic capability? Is there enough funding for large infrastructure projects, and what may be the new assets? What opportunities inside the region are of the greatest hobby to buyers from India?

Senior managers of AIFC would gift the AIFC and possibilities it gives to business and buyers from India during the some other roundtable discussion hung on April 16 at ORF in Mumbai.

 

Kazakhstan, with its large sources and strategic concerns, launched the AIFC in 2018 to be a monetary hub for the complete area. An initiative of the First President of Kazakhstan Nursultan Nazarbayev, the AIFC functions a present-day inventory change – AIX – whose shareholders consist of NASDAQ, Shanghai Stock Exchange, Silk Road Fund and Goldman Sachs. The Centre’s fundamental areas of hobby consist of capital marketplace development, asset control, private wealth management, Islamic finance, new economic technologies.

The standards of English regulation are delivered inside the submit-Soviet area for the primary time, and the legit language of the economic center is English. The AIFC set up a regulatory regime that follows global standards (IOSCO, Basel, IAIS, FATF, and many others.) to ensure equity, transparency, and efficiency of the monetary market, protect the hobbies of investors and clients of financial services and minimize systemic risk.

The International Arbitration Center (IAC) presents an independent, cost-powerful and operational alternative to litigation, performing in accordance with the first-class global standards for resolving civil and business disputes in the AIFC. A huge-scale privatization software in Kazakhstan opens up extremely good opportunities for worldwide traders.

The Astana International Exchange will become the primary platform for the privatization of national agencies inside the framework of the implementation of the Comprehensive Privatization Plan for 2016-2020. More than a hundred and fifty businesses from 18 countries are already represented in AIFC.

Ashley Stephens

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