Baku hosts business webinar for Indian companies

The Embassy of India in Baku, in association with the Agricultural and Processed Food Products Export Development Authority (APEDA), India organized a Business Webinar followed by B2B interactions on Cut Flowers, Foliage, planting material, Orchids, Seeds, Vegan, Meat, Rice and Tea Products on 25th May 2022.

Report informs that the Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India and is mandated with the responsibility of export promotion and development of the agricultural products.

The event, which was part of the celebrations of 75 years of India's Independence - Azadi Ka Amrit Mahotsav, was attended by the major companies of relevant products in India and Azerbaijan, representatives from the Food Safety Agency of the Republic of Azerbaijan, the Agro Services Agency under the Ministry of Agriculture of the Republic of Azerbaijan and journalists.

The event started with the opening remarks by Mr. V.K. Vidyarthi, General Manager of APEDA, who underlined that India has a well-established infrastructure for agro-food processing and the state of the art laboratories in India conduct tests in accordance with food safety standards.

Mr. Deepankar Pandey, Assistant Director of the National Seed Association of India, made a presentation on the export of seeds, its scope, prospects, and opportunities in which he stressed that India's seed sector is valued at 3 billion USD and is the 5th largest globally.

A presentation on the export of vegan products was made by Mr. Sanjay Sethi, Executive Director, Plant-based Foods Industry Association.

According to the Azerbaijani statistics, bilateral trade between India and Azerbaijan during January-December 2021 was US$ 739.10 million, increasing 26.8%. India was the 10th major trade partner of Azerbaijan during this period. Azerbaijan's export to India was US$ 594.43 million, increasing 30.1%. India's share in Azerbaijan's total export during the period was 2.7%, being the 8th export destination for Azerbaijan. Azerbaijan's import from India was US$ 144.67 million during January-December 2021, with an increase of 14.8% as compared to the same period of last year.