INDIAN PRODUCTS AND SERVICES ARE ON DISPLAY IN YEREVAN
ArmenPress
Oct 11 2004
YEREVAN, OCTOBER 11, ARMENPRESS: An exhibition of Indian products and
services opened in the Armenian capital Yerevan on October 10 featuring
products and services of 17 companies, engaged in manufacturing of
garments, pharmaceuticals, Ayurvedic medicines, jewelry, tea, coffee,
herbal cosmetic products, engine mounting and others.
Parallel to the exhibition Armenian and Indian businessmen will
meet to look into possibilities for establishing new contacts. The
exhibition is organized by the Confederation of Indian Industry,
Indian embassy in Yerevan and Armenian Commerce and Industry Chamber.
Speaking to reporters India’s ambassador to Armenia, Deepak Vohra, said
Indian capital is safe in Armenia thanks to its political stability and
friendly and open trade legislation. He said many Indian businessmen
want to start business in Armenia. He added that Armenia is becoming
one of the biggest India’s trade partner in CIS.
According to the ambassador, Armenian-Indian trade grows annually by
30-40 percent. “These are the official figures, but Indian products
arrive here also from Russia, United Arab Emirates and other countries
and the real trade volume is bigger, “he said.
According to figures of Armenian statistics committee, Indian-Armenian
trade in the first six months of this year went up 47 percent, mainly
due to Indian exports to Armenia. Armenian exports are still very
small, mainly synthetic rubber and medications.
From: Emil Lazarian | Ararat NewsPress