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.