ArmInfo. During a meeting marking India's Republic Day, Armenian President Vahagn Khachaturyan and Indian Ambassador Nilakshi Saha Sinha underscored the urgent need to energize trade and economic relations between the two nations.
According to the press service of the Armenian President, both parties expressed a firm commitment to fostering direct contacts between Armenian and Indian business circles. To achieve this, the sides plan to facilitate joint business forums and other collaborative platforms.
The parties also emphasized the importance of strengthening cooperation, particularly in high technology, education, defense, and other strategically important areas. They positively assessed the current cooperation between Armenia and India on international platforms, highlighting its effectiveness and the significance of mutual support.
It should be noted that the trade turnover between Armenia and India has been rapidly growing annually, exceeding $400 million. This growth is accompanied by an increase in cultural and humanitarian ties, including labor migration from India. Defense cooperation between the countries is also actively developing.
