India hopes to expand trade relations with Azerbaijan, Indian Charge d'Affaires in Baku Vinay Kumar said at an event dedicated to the 74th Republic Day of India, Report informs.
According to Vinay Kumar, the Azerbaijan-India trade turnover has increased significantly, from about $50 million in 2005 to $739 million in 2021 and continued to grow in 2022, rising to $1.882 billion.
"Over this period, India has become Azerbaijan's fifth largest trade partner," he added.
Touching upon other issues of bilateral cooperation, Vinay Kumar noted that there are sincere relations and deep historical ties between India and Azerbaijan:
"Our countries and people are bound by a common respect for multiculturalism and tolerance. Over the 30 years that have passed since the establishment of diplomatic relations, our relations have expanded and diversified in many areas."
He also highlighted that Azerbaijan Airlines has been operating direct Delhi-Baku flights twice a week since August 2022, citing this as an example of successful cooperation in tourism.