There is a huge potential to develop economic relations with India, and Armenia can make use of the progress being made with India to increase the level of its security and development. Armenian Deputy Minister of Foreign Affairs Mnatsakan Safaryan said this at Monday’s international conference in Yerevan—and on the occasion of the 30th anniversary of the establishment of diplomatic relations between Armenia and India.

He expressed confidence that the aforesaid conference will contribute to the development of relations in the practical domain as well. The deputy FM added that since the establishment of diplomatic relations, in the past 30 years, the ties between the two countries have continuously developed in all domains—including political, economic, and humanitarian.

"The development and deepening of relations with India are among Armenia's foreign policy priorities. It is gratifying that today India is making progress in various domains, which is raising India's standing around the world. The centuries-old traditional warm relations between our peoples continue to strengthen, and interstate ties—to deepen. Projects have been launched in various domains," said Safaryan.

He emphasized that Armenia and India actively cooperate within international organizations as well.

"Recently, cooperation has been launched in such important directions as the defense sector, regional security, international transport and communication, tourism, trade, science, IT sector, etc. Cultural cooperation is also important. In India, the Armenian people have a rich cultural heritage, which preserved with care by the Indian government," added the Armenian deputy FM.

According to him, taking into account the changes being observed in world economy, it is necessary to intensify the consideration of the possibilities of intensification of trade with the South, and there is still a lot to be done in this regard.