OREANDA-NEWS. June 22, 2009. The representatives from the Eastern Kazakhstan, Pavlodar and Karaganda regions took part in the forum. The economy of these three regions lays a foundation for the industrial base of the country, reported the Official website akorda.kz.

In his speech, Minister of Industry and Trade Aset Isekeshev spoke about working out of an industrial and innovative development map in the Eastern Kazakhstan, Karaganda and Pavlodar regions. Akims of these regions B.Saparbayev, N.Nigmatullin, and B.Sagintayev reported on implementation of the large investment projects. Kairat Kelimbetov briefed on the investment policy of the Samruk Kazyna National Welfare Fund aimed at support of the economy priority branches.

The heads of the industrial companies of the region also delivered their speech at the forum.

Summing up the meeting, the President underlined that major points of the post-crisis development of Kazakhstan such as development of the agriculture sector, construction industry and metallurgy, oil processing and oil and gas infrastructure, the chemical and pharmaceutical industries, infrastructure and electric power industry were outlined at 12th Congress of Nur Otan Party. In these realms Kazakhstan possesses a competitive potential. The head of state set a specific task to meet the domestic needs and export production of these branches. Implementation of this program will provide a steady economy growth, setting up of new production facilities and high-paid jobs.

According to global and domestic experience, market economy can not regulate a development process alone. In this context, the President instructed the Government to work out an Action Plan for 10 years, divided into 2 stages each for 5 years.

The local executive authorities play a key part in a 5-year plan of industrial development. Akims of all levels should become main supervisors and conductors of the industrial program working in unison with the Ministry of Industry and Trade and development institutes.

Thereby, in the President’s view, main indicators of akims’ work efficiency should be a volume of attracted investments, number of new set up production facilities and innovation-driven projects as well as increase in export production and Kazakhstan’s participation in domestic production.

The head of state also emphasized that implementation of the plans on economy diversification to a great extent depends on business initiative; Nursultan Nazarbayev called the businessmen and akims to jointly work on modernization and development of the national economy.

As the head of state pointed put, accelerated development of major points of a 5-year plan will enable Kazakhstan to get KZT 7 trillion of gross value added or to increase the country’s GDP by 50 percent.