Armenian Foreign Minister attends Armenian-Indian Business Forum in New Delhi


Armenian Foreign Minister Ararat Mirzoyan, currently on a working visit to India, today attended the opening of the Armenian-Indian Business Forum in New Delhi.

Below are the remarks made by Mirzoyan.

Honorable guests,

Ladies and gentlemen,

I am delighted to welcome you all to the Armenian-Indian Business Forum and thank the Confederation of Indian Industry for hosting us today.

This is the first time that such large and strong Armenian business and investment delegations have visited India to meet and greet their counterparts, establish mutually beneficial cooperation, collaborate to overcome the challenges of today’s world. and create value for our societies. Indeed, today we are opening a new page in the history of Armenian-Indian economic cooperation and let me say, reviving excellent traditions of trade, development and shared prosperity between our nations.

Over the years, India has become an important economic partner for us. At the same time, there is enormous untapped potential, for the use of which we must work together.

India – the sixth largest country in the world by nominal GDP and the fastest growing economy among the major powers, can become a land of unlimited opportunities for businessmen, technologists and Armenian startupers. In turn, Armenia, located at the crossroads of Europe and Asia, has much to offer India. Armenia’s membership in the Eurasian Economic Union with a population of around 200 million and a GDP of US$1.8 trillion, the Comprehensive and Enhanced Partnership Agreement with the European Union, as well as the GSP regime with the United States, Japan, Canada, Norway and Switzerland, are tangible advantages in the attractiveness of investments in Armenia and for effective cooperation with foreign partners.

I would also like to note that our government is continuously taking the necessary measures to ensure a positive business environment in Armenia so that businessmen, entrepreneurs and investors can have favorable conditions for working and creating. In this regard, I would like to mention the ambitious reforms aimed at promoting the rule of law, the fight against corruption and the establishment of a free and truly competitive economy and market relations.

Dear friends,

Armenia and India can establish mutually beneficial cooperation in almost all areas of economy, but especially high technology, IT, education, tourism, aviation, logistics and commodities pharmaceuticals are among the most promising and forward-looking areas of partnership. Today, all the best and brightest people from these spheres are gathered here, which is why I am sure the success of today’s event is guaranteed.

In conclusion, dear participants, I wish you productive and interesting work. And I think now is the perfect time for politicians to step back and give business a voice.


(Representatives of Confederation of Indian Industry, Director of “Enterprise Armenia” Foundation, Director of Creative Technology Center “Tumo” and others made presentations and remarks at the business forum. )

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