Kyrgyzstan and India Eye Joint Jewelry Production Ventures

Kyrgyzstan has proposed to India the establishment of joint jewelry production facilities and the development of domestic precious metal and stone processing capabilities. This initiative emerged from discussions at a Kyrgyz-Indian symposium on cooperation in the gemstone and jewelry industry held in Bishkek.

The event, organized by India's Gem & Jewellery Export Promotion Council (GJEPC) in collaboration with the Indian Embassy in Kyrgyzstan, convened representatives from government bodies, businesses, and a delegation of 12 Indian companies. Indian Ambassador to Kyrgyzstan, Birander Singh Yadav, highlighted the strong bilateral relationship as a foundation for enhanced economic ties, stating, "Our bilateral relations provide the necessary platform for businesses to work together. We must leverage the potential that exists between India and Kyrgyzstan to increase trade and investment volumes."

The jewelry sector is a significant part of India's economy, with extensive experience in gemstone cutting and jewelry manufacturing, alongside being a major global gold market. Kyrgyzstan's Ministry of Economy and Commerce, represented by Nursultan Ashymbekov, sees India as a strategic partner possessing advanced technologies and centuries-old traditions in jewelry craftsmanship.

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Our bilateral relations provide the necessary platform for businesses to work together. We must leverage the potential that exists between India and Kyrgyzstan to increase trade and investment volumes.

Ashymbekov noted that Kyrgyzstan's exports to India reached approximately $10 million in 2025, with silver accounting for 66 percent of these shipments. However, the republic is keen to move beyond raw material exports and develop higher value-added products. "We are proposing to our Indian partners to create joint ventures in Kyrgyzstan, to open production sites using Indian equipment, technologies for cutting and jewelry production," he stated.

Direct investment from India into Kyrgyzstan saw a nearly threefold increase in 2025, reaching $16.16 million. Participants acknowledged Kyrgyzstan's substantial natural resources, including over 400 deposits of precious and semi-precious stones like amethyst, garnet, jade, ruby, sapphire, and topaz. The combination of Kyrgyzstan's resources and India's technological expertise is seen as a promising basis for joint production and expanded trade. Following the symposium, both Kyrgyz and Indian representatives expressed interest in developing business missions, specialist training, experience exchange, and broader inter-enterprise cooperation.

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We are proposing to our Indian partners to create joint ventures in Kyrgyzstan, to open production sites using Indian equipment, technologies for cutting and jewelry production.