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Issues Of Development Of Armenian-Indian Trade Economic Relations Di

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  • Issues Of Development Of Armenian-Indian Trade Economic Relations Di

    ISSUES OF DEVELOPMENT OF ARMENIAN-INDIAN TRADE ECONOMIC RELATIONS DISCUSSED

    ARMENPRESS
    Dec 22, 2008

    YEREVAN, DECEMBER 22, ARMENPRESS: For taking part in the
    Armenian-Indian first business forum and discussing issues connected
    with the development of trade-economic relations between the two
    countries, on the invitation of the Indian Chamber of Commerce
    and Industry the Armenian delegation headed by the deputy Armenian
    Agriculture Minister Samvel Avetisian was in Delhi recently.

    An official from the Ministry's department of foreign relations told
    Armenpress that during the forum the participants exchanged thoughts
    over the directions of development of Armenian-Indian trade-industrial
    relations, the peculiarities of investment fields of the two countries,
    overcoming of existing barriers, cooperation in the agrarian sphere,
    light industry as well as on the collaborative activity in the
    IT sphere.

    S. Avetisian's report on "The export of Armenian agrarian sphere
    and the preferable directions of foreign investments" in the Indian
    Chamber of Commerce and Industry gave rise to a number of practical
    requests and comments. Particularly the Indian side was interested
    in the risks of investments in the sphere of reprocessing of Armenian
    agricultural goods and the opportunities of buying of agro technology.

    Within the frameworks of the visit the Armenian delegation visited the
    "Ecsports limited" tractor factory, which produces 350,000 tractors
    annually and provides them to 45 countries, and got acquainted with
    the technology of their production and the variety of the products.

    Negotiations have also been conducted with the head of "Brief Company
    Profile" company on purchasing fertilizers. It has been decided to
    send an invitation for the tender of state purchases of tractors to
    the "Ecsports limited" company and after getting the price lists of
    fertilizers and tractors to provide them to individual importers.

    Accompanied with Armenian ambassador in India A. Kocharian, Indian
    ambassador in Armenia R. Pandey and deputy Armenian Economy Minister
    M. Tovmasian, S. Avetisian visited the Indian Foreign Ministry,
    was in the textile industry and other branches of economy.

    During the all above mentioned meetings agreements confirming the
    cooperation of the two countries, have been reached.
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