BAKU, Azerbaijan, November 27
By Jeila Aliyeva - Trend:
Turkmenistan and India considered ways to enhance cooperation in the field of light industry, the supply of textile products and leather goods, Trend reports with reference to Turkmenistan’s State News Agency.
During the discussions, representatives of the two countries were familiarized with specific proposals for the development of the partnership.
The parties stressed the need to regularly hold such business events and meetings of the joint business council in an online format to better explore the possibilities of expanding mutual trade.
In particular, the parties considered the possibility of exporting Turkmen textiles, leather products, carpets, and others to India.
India expressed its readiness to cooperate both in the organization of industrial production and in the supply of raw materials and finished products, says the report.
The meeting was attended by Ambassador Extraordinary and Plenipotentiary of the Republic of India to Turkmenistan Vidhu Pithambaran Nair, heads of Indian companies, as well as representatives of the Chamber of Commerce and Industry of India. The Turkmen side was represented by specialists from the Ministry of Trade and Foreign Economic Relations, the Ministry of Textile Industry and its enterprises, the Union of Industrialists and Entrepreneurs, and the Chamber of Commerce and Industry.
Transport is considered as one of the topical areas of business partnership between the two countries. The possibilities of the North-South transnational transport corridor project are being explored, using the potential of the seaports of the two countries.
Ashgabat and Delhi are also discussing interaction opportunities in the chemical and electric power industries. A special role is assigned to the construction project of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline with a capacity of 33 billion cubic meters of gas per year.
The construction of the Turkmen section of TAPI was launched on December 13, 2015, while the construction of the Afghan section commenced in February 2018.
The energy bridge will then pass through the Afghan cities of Herat and Kandahar (816 kilometers), through the cities of Quetta and Multan across Pakistani territory (819 kilometers), and reach the settlement of Fazilka in India.
The leader of TAPI Pipeline Company Ltd is Turkmengas, which has the controlling stake and acts as the main financier and project manager. The consortium also includes the Afghan Gas Corporation, Pakistan’s Inter State Gas Systems (Private) Limited, and Indian GAIL.
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