Ambassador of India: Trade turnover with Azerbaijan in 2016 amounted to $ 497 mln

Baku. 11 September. REPORT.AZ/ Business forum Azerbaijan-India was held in Baku. Report was told at the Indian Embassy in Azerbaijan more than 50 representatives of companies from the Marathi Bandhkam Vyasayik Association (Maratha Construction Business Association) ( MBVA) based in the western part of India participated in the business forum and held meetings with Azerbaijani companies and businessmen. 

The India- Azerbaijan Construction Business Forum was Co-chaired by the Vice President of ASK, Mr. Vugar Zeynalov and Ambassador of India to Azerbaijan, Mr. Sanjay Rana.Mr.
Speaking on the occasion, President of MBVA Mr. Gajendra Pawar said that Indian delegation had planned their visit to Azerbaijan with a view to explore business opportunities for its members in the field of construction, infrastructure and other areas that could give a boost to trade and investment relations between the two countries. He added that the Indian delegation was enthusiastic about the business opportunities in Azerbaijan and they look forward to forming a strong business relationship with businesses in the country.
General Secretary of MBVA, Mr. Sandeep Kolatkar said that the Indian delegates were very impressed by the spectacular architecture of Baku and the amazing development of the public spaces in the city. They hoped that their visit would to more Joint ventures and enhanced business relationships between Indian and Azerbaijani companies. According to him, in 2016 the trade turnover between the two countries amounted to $ 497 million, this year this figure increased by 65%.