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Armenian businessmen eager to win markets in India, China

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  • Armenian businessmen eager to win markets in India, China

    ArmenPress
    April 1 2004

    ARMENIAN BUSINESSMEN EAGER TO WIN MARKETS IN INDIA, CHINA

    YEREVAN, APRIL 1, ARMENPRESS: The Armenian Development Agency
    (ADA, a body set up to facilitate investment flows into the Armenian
    Economy, export of Armenian goods and services to international
    markets and development of Armenian enterprises, considered by the
    government as the main national intermediary for bridging gaps
    between policy development and implementation and the public and
    private sectors, announced about plans to step up economic contacts
    with world's biggest markets in China and India.
    ADA chairman Vahagn Movsisian claimed that "It is inadmissible to
    overlook these two countries which have one third of world's
    population." The first step, according to him, was last year's visit
    to India by Armenian president, when a business conference attended
    by representatives of 35 Armenian companies was held. Movsisian said
    a delegation of Indian businessmen from 20 companies, expected in
    Armenia in June will explore cooperation prospects, four of them, he
    said, have decided to start business in Armenia.
    Movsisian said ADA is trying also to establish business contacts
    in China, planning to participate an exhibition in Shanghai slated
    for autumn and convene also a joint business conference.
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