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Kazakhstan increases production of agricultural machinery

Transport Materials 8 September 2022 13:27 (UTC +04:00)
Kazakhstan increases production of agricultural machinery
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, September 8. Kazakhstan's plant produced more than 13,000 units of agricultural machinery worth 183 billion tenge ($387.5 million), Trend reports via Ministry of Industry and Infrastructural Development of Kazakhstan.

This issue was discussed during the ministerial meeting on current situation and prospects of development of the agricultural machinery industry in Kazakhstan.

According to the Chairman of Industrial development committee Ilyas Ospanov, the annual growth of agricultural machinery production amounted to 130 percent or 2.3 times.

This year more than 40 billion tenge ($84 million) was allocated for the implementation of of the preferential leasing of agricultural machinery program. Of this amount 30 billion tenge ($63 million) will be raised from the funds of Zhasyl Damu JSC, the remaining 10 billion tenge ($21 million) from KazAgroFinance JSC. Furthermore, 7 billion tenge ($14 million) will be allocated from Industrial Development Fund JSC.

"The development of agricultural machinery in Kazakhstan is one of the priority state tasks. In order to support production of domestic agricultural machinery National Center for the Development of Agricultural Machinery will be established. Currently, relevant work is being carried out in this direction. The fact is that there are enough resources in the agricultural sector in the country and the number of consumers of these products prevails," Ospanov noted.

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