ArmInfo.On June 27, at the initiative of ARM.IND GROUP, an Armenian company that promotes business, cultural, educational, and tourism cooperation between Armenia and India, a business meeting will be held to establish contacts between Indian and Armenian entrepreneurs.
The meeting aims to establish connections between Armenian and Indian companies, explore opportunities for cooperation, and present practical ways ARM.IND GROUP can support companies from both sides.
During the event, participants will have the opportunity to meet with representatives of Armenian and Indian businesses, share their business plans, and explore potential partnerships.
As a reminder, Armenian-Indian business meetings and forums are regularly organized to establish strategic partnerships in the fields of IT, high technology, pharmaceuticals, renewable energy, and tourism. The Embassy of India in Yerevan, together with relevant Armenian agencies, coordinates these events and facilitates B2B contacts.
It is worth noting that the overall trade turnover between Armenia and India has demonstrated steady growth and, according to the latest annual data, amounts to approximately $380 million. Moreover, both sides have recorded exponential growth in recent years. Just 10 years ago, trade between the countries was only $21 million.
According to statistics, mutual trade between the countries is characterized by a distinct commodity focus. Armenia and India have complementary export and import structures, in which precious stones, metals, and high-tech products occupy a key position. According to last year's data, India's exports to Armenia amounted to approximately $296 million. These included mainly diamonds and precious stones ($72.4 million), buffalo meat, chemical/analytical instruments, pharmaceuticals and medicines, and raw tobacco. Armenia, in turn, supplied goods and services worth $37.4 million to India. This included mainly gold ($32.3 million), medical and scientific instruments, alcoholic beverages, and unwrought lead.
