KAZNEX to be managed by Ministry of Industry and Trade
ASTANA. June 2. KAZINFORM /Aigul Tulekbayeva/ The Kazakh Ministry of Industry and Trade proposes to place under its supervision a range of development institutes and 7 socio-entrepreneurial corporations. “We propose to pass under the supervision of the Ministry four following development institutes: Corporation for export development and promotion KAZNEX, the National Investment Fund, the Center of Engineering and Transfer of Technologies, and seven regional socio-entrepreneurial corporations”, Minister Asset Issekeshev has said today at the session of the Government. According to him, KAZNEX will be the main analytical center; the Innovative center, the Center of engineering and transfer of technologies will coordinate innovative projects; and the socio-entrepreneurial corporations will function as regional operators of the industrial-innovative development program. As for such financial institutes as Kazakhstan Development Bank, Investment Fund, “Damu” Fund, the State Insurance Corporation and “Kazyna Capital Management” Fund, the Minister proposes to manage them together with “Samruk Kazyna” Fund through participation in the board of directors and asks for standby authorities on formation of the board of directors and the composition of management of the mentioned institutes. “We propose to pass over the issues of agricultural engineering to the Ministry of Industry and Trade in order to build up common policy in this field”, A.Isekeshev said.