Indian companies exploring business opportunities in construction field in Azerbaijan
The delegation consisting of members of Marathi Bandhkam Vyasayik Association (Maratha Construction Business Association) ( MBVA) visited Azerbaijan in order to explore possibilities of joint projects and mutual investment opportunities in Azerbaijan. During the visit, Indian businessmen were acquainted with architecture pieces in Baku, innovations in our country's construction sector and real estate market. For this purpose, Azerbaijan-India Business Forum was organized by the National Confederation of Entrepreneurs (Employers) of the Republic of Azerbaijan at Fairmont Baku Hotel. During the event, presentations were made on current state of entrepreneurship, investment and partnership opportunities in both countries and discussions held on future cooperation possibilities. to entrepreneurship, measures taken by ASK to attract foreign investments into to non-oil sector of the country and invited Indian businessmen for an active cooperation.
Mr. Vugar Zeynalov spoke about the development trends in the construction sector of Azerbaijan. He informed Indian businessmen about investment procedures, the privileges, as well as existing legislation in our country. Mr. Zeynalov noted that the main purpose of bringing together Azerbaijani and Indian businessmen is to explore opportunities for business cooperation, investment and trade in two countries. He added that joint cooperation would be useful in terms of expanding business relations, attracting mutual investment and establishing joint ventures.
Speaking on the occasion, Ambassador Extraordinary and Plenipotentiary of India to Azerbaijan H.E. Mr. Sanjay Rana touched upon the development of friendly relations between Azerbaijan and India. According to Ambassador, serious political, economic, cultural cooperation and exchange projects are being implemented between two countries. Noting that the Azerbaijani economy is attractive for Indian businessmen, he mentioned that a large number of Indian entrepreneurs are engaged in entrepreneurial activity in Azerbaijan.