India intends to increase export of tiles to Azerbaijan

Entrepreneurs from Azerbaijan and India have discussed ways of strengthening cooperation in the sphere of supplies of tiles.

Report informs that a B2B meeting on India-Azerbaijan Cooperation in Tiles sector was held on October 18, 2022 with the participation of an Indian delegation comprising four companies and about 15 representatives of major Azerbaijani companies and business support organizations.

In his opening address, Mr. Vinay Kumar, Chargé d'Affaires of India in Baku, highlighted that India is world’s second largest manufacturer of tiles. He mentioned that India exports tiles to more than 125 countries. He also informed the participants that more details about Indian companies in various sectors may be seen at the portal www.indianbusinessportal.in

He noted that according to the January-July 2022 statistics, India was the third major exporter of tiles to Azerbaijan accounting for 13.4% of total tiles import of Azerbaijan. However, there is still an enormous potential to increase the market share of Indian tiles products in Azerbaijan, he emphasized.

Bilateral trade between India and Azerbaijan was US$1.528 billion during the period from January - August 2022.