Sunil Kumar is leading an Indian delegation for the 4th Meeting of the India- Azerbaijan Inter-governmental Commission in Baku on 25-26 October 2016. After the meeting of the two delegations, Sunil Kumar and Gulmammad Javadov, Deputy Minister of Energy, signed a Protocol for further expansion of their cooperation in trade, investment, transportation, energy, industrial production, agriculture, tourism, healthcare, pharmaceuticals, education and Information technology.
Sunil Kumar said that India appreciates the efforts being made by Azerbaijan for development of the International North-South Transport Corridor which is being developed jointly by Azerbaijan, Iran, India and Russia. He said that INSTC will give a big push to regional economic and commercial exchanges and transform the regional transportation in the coming years. He also said that India has supported establishing greater coordination among all stakeholders to streamline the customs and other procedures so that cargo could move fast and efficiently on this route.
India has close and friendly relations with Azerbaijan. India was among the first countries to recognize Azerbaijan and establish diplomatic ties. Ambassador of India Sanjay Rana said that India- Azerbaijan relationship has been growing stronger based on their strong political ties and growing mutual cooperation. The bilateral trade between India and Azerbaijan during 2016 has increased by more than 28 % as compared to same period in 2015. India’s ONGC Videsh is a shareholder in Azeri–Chirag–Gunashli oilfield and Baku-Tbilisi-Ceyhan (BTC).
As the Government of Azerbaijan is taking steps aimed at developing the non-oil sector, the Indian companies are keen to make use of opportunities in non-oil sectors, like agriculture, industrial production, pharmaceuticals and information technology. Indian pharmaceutical products and medicines were known for their high quality at affordable prices and the availability of Indian medicines in Azerbaijan will be a win- win situation for all.
India and Azerbaijan held Inter Governmental Commission Meeting in Baku
27 October 2016
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The Director General in the Ministry of Commerce and Industry of India Sunil Kumar met the Minister of Ecology and Natural Resources of Republic of Azerbaijan Huseyngulu Baghirov in Baku and conveyed India’s keen desire to strengthen relations with Azerbaijan in all areas, including in bilateral trade, investment and their cooperation in the fields of trade, economic, scientific and technology.
