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Zh.Kassymbek: Share of local content in state procurements amounted to 58.3% (PHOTO)

by November 18, 2016 Legal

“Over 9 months of this year, the share of local content in the procurement amounted to 58.3% according to the “National Agency for Local Content Development NADLoC” JSC. The total procurement of goods, works and services increased to 1 trillion 596 billion tenge over the same period last year. In comparison with the last year, an interim measure of Kazakhstani content decreased by 7.7%. The main reasons for reducing the percentage of local content in the procurement are: changes in the rate of tenge, an increase of purchase of imported raw materials, almost 35% in real terms”, – said Zh. Kassymbek.

The Minister added that the Government conduxts work on the support of domestic producers, including state policy of industrialization, support measures to improve the regulatory framework, spot work with local producers to ensure long-term contracts and the establishment of related industries.

Source: Kazakhtan 2050