INDIA EXPORTS GOLD ITEMS TO ARMENIA

Panorama.am
14:21 31/08/06

Armenia exported diamond and gold items costing $303,000 to India
during 2003-2004 and India exported similar items costing $1,6 million
during the same period. In the course of 2004-2005, India doubled
its export to Armenia and Armenia exported gold and diamond items
costing $348,000.

A delegation of an Indian council, which promotes diamond and gold
item export, paid a visit to Armenia.

The members of the delegation told a presentation today that this
branch makes up 3% of the Indian GDP.

Rina Pandey, Indian ambassador to Armenia, also present at the
presentation, said Armenia and India are developing links in economy.

The 14-member delegation visited the Ukraine, Kazakhstan, Azerbaijan
and Georgia prior to the visit to Armenia. The delegation aims to
step up export of Indian diamond and gold items in the markets of
Newly Independent States.

Being under the jurisdiction of the Indian ministry of trade and
industry, the council functions since 1966 and represents 6500
goldsmiths. This is a promising branch in India and has reported $17
billion export only last year.