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India Exports Gold Items To Armenia

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  • India Exports Gold Items To Armenia

    INDIA EXPORTS GOLD ITEMS TO ARMENIA

    Panorama.am
    14:21 31/08/06

    Armenia exported diamond and gold items costing $303,000 to India
    during 2003-2004 and India exported similar items costing $1,6 million
    during the same period. In the course of 2004-2005, India doubled
    its export to Armenia and Armenia exported gold and diamond items
    costing $348,000.

    A delegation of an Indian council, which promotes diamond and gold
    item export, paid a visit to Armenia.

    The members of the delegation told a presentation today that this
    branch makes up 3% of the Indian GDP.

    Rina Pandey, Indian ambassador to Armenia, also present at the
    presentation, said Armenia and India are developing links in economy.

    The 14-member delegation visited the Ukraine, Kazakhstan, Azerbaijan
    and Georgia prior to the visit to Armenia. The delegation aims to
    step up export of Indian diamond and gold items in the markets of
    Newly Independent States.

    Being under the jurisdiction of the Indian ministry of trade and
    industry, the council functions since 1966 and represents 6500
    goldsmiths. This is a promising branch in India and has reported $17
    billion export only last year.
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