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INDIA WELCOMES ARMENIAN INVESTORS
YEREVAN, October 7. /ARKA/. Armenian investors can make investments
in India as part of the Indian premier Narendra Modi's "Make in India"
initiative, Indian ambassador to Armenia Suresh Babu said on Monday.
The new cabinet took the oath of office in June and has faced an
economic challenge since then. The aim of the new government is to
ensure development in a new direction, Babu said at a presentation
of the initiative in Yerevan.
Domestic production is to become the core of the economic growth
to boost GDP growth and create lots of new jobs, according to the
ambassador.
The head of the Armenian Development Agency Robert Harutiunyan, in
his turn, said it was a familiarization event to present business
opportunities available in India to Armenian companies.
The new Indian government picked the 'open door' investment policy.
Major projects are expected to be launched, where Armenian companies
may implement new economic programs and get profits, Harutiunyan said.
India is one of the most rapidly developing economies in the world
and is the fourth in terms of buying capacity. Experts say investments
in Indian economy are profitable due to large domestic market, cheap
and skilled labor force and proper infrastructures. -0--
http://arka.am/en/news/economy/india_welcomes_armenian_investors/#sthash.vtBVa6Ta.dpuf
From: Baghdasarian
YEREVAN, October 7. /ARKA/. Armenian investors can make investments
in India as part of the Indian premier Narendra Modi's "Make in India"
initiative, Indian ambassador to Armenia Suresh Babu said on Monday.
The new cabinet took the oath of office in June and has faced an
economic challenge since then. The aim of the new government is to
ensure development in a new direction, Babu said at a presentation
of the initiative in Yerevan.
Domestic production is to become the core of the economic growth
to boost GDP growth and create lots of new jobs, according to the
ambassador.
The head of the Armenian Development Agency Robert Harutiunyan, in
his turn, said it was a familiarization event to present business
opportunities available in India to Armenian companies.
The new Indian government picked the 'open door' investment policy.
Major projects are expected to be launched, where Armenian companies
may implement new economic programs and get profits, Harutiunyan said.
India is one of the most rapidly developing economies in the world
and is the fourth in terms of buying capacity. Experts say investments
in Indian economy are profitable due to large domestic market, cheap
and skilled labor force and proper infrastructures. -0--
http://arka.am/en/news/economy/india_welcomes_armenian_investors/#sthash.vtBVa6Ta.dpuf
From: Baghdasarian