Central Asian Republic has immense economic significance for India. The growth of the Indian economy creates an ever-growing demand for energy and natural resources to fuel and maintain the momentum of our growth. The discovery of large reserves of hydrocarbons and other resources required for sustaining economic growth makes the Central Asian region immensely attractive for forging a mutually beneficial cooperative relationship. Although India acknowledges Central Asian Region as an area of economic and strategic importance a quantum jump is required in developing trade, commerce and energy ties. The paper attempts to analyse both economic interests and prospects in energy sector.