The Embassy of India in Baku, in association with the Electronics and Computer Software Export Promotion Council (ESC) of India organized a Webinar followed by B2B interactions on electronics and computer software products on 7th December. The event which was part of the celebrations of 75 years of India's Independence - Azadi Ka Amrit Mahotsav, was attended by more than 35 representatives of the major companies of various electronics and computer software products in India and Azerbaijan, Report informs.
Electronics and Computer Software Export Promotion Council (ESC) is the apex body of over 2000 manufacturers and exporters covering the entire gamut of Electronics, Telecom and Software Industry (including consumer electronics, electronic components, instrumentation, telecommunications hardware & services, computer hardware, computer software and information technology enabled services) in India that provides assistance to Indian exporters as well as importers / international buyers who choose India as their preferred sourcing destination for electronics and computer hardware / software products.
The event was aimed at informing the participants about the opportunities offered by Indian electronics and computer hardware / software sector.. In his opening speech, Mr. Gurmeet Singh, Executive Director, Electronics and Computer Software Export Promotion Council touched upon the strength of Indian electronics and computer products industry and gave information about Indian Government’s schemes in this field. He also invited Azerbaijani companies to participate in the upcoming events in India, for which hospitality including return airfare, hotel and food will be provided by the ESC.
Speaking at the Webinar, Ambassador of India B. Vanlalvawna noted that there is a huge scope for diversifying India's economic engagement with Azerbaijan. He said that Indian electronic and software products are already known in the Azerbaijani market as varieties of products including mobile phones, devices and equipment of automatic regulation and control, office equipment etc. are sourced from India. He further stated that the India exported electronic and software / hardware products worth over US$ 156 billion annually and there is much scope for enhancing engagement and collaboration between the two countries in this sector.
According to the Azerbaijani statistics, bilateral trade between India and Azerbaijan during January-October 2021 was US$ 620.42 million increasing 20.1%. India was 11th major trade partner of Azerbaijan during this period. Azerbaijan’s export to India was US$ 505.52 million increasing 22.5%. India's share in Azerbaijan's total export during the period was 3.0%, being 9th export destination for Azerbaijan. Azerbaijan’s import from India was US$ 114.90 million during January-October 2021, an increase by 10.5% as compared to the same period of last year.