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India seeks to directly participate in Azerbaijan's agricultural sector

Business Materials 27 July 2011 20:52
India is interested in the direct participation in the agricultural sector of Azerbaijan, Indian ambassador to Azerbaijan Debnat Show told journalists on the results of the Azerbaijani-Indian Business Forum on "Investing and Doing Business in India".
India seeks to directly participate in Azerbaijan's agricultural sector

Azerbaijan, Baku, July 27 / Trend A.Akhundov /

India is interested in the direct participation in the agricultural sector of Azerbaijan, Indian ambassador to Azerbaijan Debnat Show told journalists on the results of the Azerbaijani-Indian Business Forum on "Investing and Doing Business in India".

"Azerbaijan and India cooperate in the field of agriculture. Azerbaijan has imported certain agricultural products from India, but India is interested to directly participate in the agricultural sector of Azerbaijan," he said.

He said that the Punjab State agricultural sector representatives' visit to the country in last October is evidence to this.

"The Indian entrepreneurs can invest in the cultivation and processing of tea, livestock development in Azerbaijan," Shaw said.

He said all sectors of the Indian economy, excluding areas that are considered strategic such as defense and railways, are open to foreign investment.

"The state considers sectors linked with the infrastructure such as roads, airports, schools and hospitals as a priority for foreign investment. But, the state's priorities do not always coincide with the priorities of the private sector. Almost all sectors of the Indian economy opened to foreign investments," Shaw said.

Shaw said the trade turnover between Azerbaijan and India amounted to $ 330 million in 2010, but this level was exceeded in the first five months of 2011. Bulk of the turnover fell to exports of oil products from Azerbaijan in India. The share of non-oil products accounted for approximately $ 50 million.

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