The Deputy Minister of Foreign Affairs and International Trade of Armenia, Mnatsakan Safaryan, held meetings with the Confederation of Indian Industry, the Invest India investment promotion agency, and the Pharmaceutical Export Promotion Council of India (Pharmexcil), in New Delhi.

Safaryan presented the potential and current trends in the development of Armenia's economy, the steps taken to diversify the country’s export markets, and emphasized the new economic opportunities created by expanding connectivity in the conditions of peace established in the region.

The interlocutors discussed the prospects for the development of Armenia-India trade, economic, and investment cooperation; in particular, the opportunities for deepening cooperation in information and high technologies, healthcare and pharmaceuticals, infrastructure, and transport communications.

Both parties stressed the importance of establishing direct ties between the business circles of Armenia and India, more effective use of existing potential, and expansion of mutually beneficial cooperation.