CII inks MoU with Armenian chamber

The Hindu, India
Oct 12 2004

New Delhi, Oct 12. (PTI): As part of efforts to expand bilateral ties
with Central Asian nations, Industry body CII has signed a memorandum
of understanding (MoU) with the Chamber of Commerce and Industry of
the Republic of Armenia.

The MoU was signed in Yerevan, Armenia during CII’s ongoing ‘Enterprise
India 2004’ show, which has been organised to promote awareness about
Indian industry in the region, a CII release said here today.

The MoU aimed at fostering mutual understanding between business
communities of the two nations and to promote trade, investment and
technological cooperation, it said.

India’s trade with Armenia has remained insignificant despite a
trade agreement, CII said, adding bilateral trade in 2001 was only
5.3 million dollar as per National Statistical Service of Armenia.

The central Asian nation has sought India’s assistance in small and
medium industries, information technology, science and technology and
agriculture, it said, adding the show aimed to showcase the country’s
potential in these specific areas.