Kazakhstan offers enormous opportunities for Pakistani businessmen to invest in 'Outustik', a Special Economic Zone, informs Gali Shaimakov, Commercial Counselor, Embassy of Kazakhstan to Ameen Bandukda, Chairman SITE Association of Industry.
Formed in July 2005, Outustik is a venture to develop cotton textile cluster in South Kazakhstan region.
Gali Shaimakov enlisted following advantages for wooing Pakistani investors.
Outustik offers boundless opportunities like exemption in income tax, land tax, property tax and relief partly from value added tax.
This SEZ will come up with about 15 spinning, weaving and sewing units that offers tremndous investment potential for investors from Pakistan.
Kazakhstan's cotton yarn demand is very high and Asia-Pacific countries top as importers at 16.5 million tons followed by European countries (1.6 million tons) and Commonwealth of Independent States (0.6 million tons a year).
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