The Embassy of India in Baku, in association with Telecom Equipment and Services Export Promotion Council (TEPC), organized a Webinar and virtual B2B meeting on Telecommunication Sector on September 21, 2021. The event which was part of celebrations of 75 years of India's Independence - Azadi Ka Amrit Mahotsav , was attended by more than 40 participants including major Indian and Azerbaijani companies in telecommunication sector, representatives from TEPC and Embassy officials, the Embassy told APA.
The purpose of the Event was to facilitate business interaction between interested parties of two countries in the telecommunication sector. Telecom Equipment and Services Export Promotion Council (TEPC) has been set up by the Government of India to promote and develop export of Telecom Equipment and Services.
Opening remarks was made by Mr Sandeep Aggarwal, Chairman, TEPC. Speaking at the Event, Ambassador of India to Azerbaijan Mr. B. Vanlalvawna underlined the capacity of Indian telecommunication products and great potential for collaboration in the sector.
During the event, 11 leading telecommunication products manufacturers from India made presentations at the event. The participants from both sides had a good opportunity to interact with each other and Azerbaijani local telecommunication companies demonstrated their interest to collaborate with Indian counterparts.
Bilateral trade between India and Azerbaijan during January-July, 2021 was US$ 439.9 million. Azerbaijan’s export to India was US$ 352.7 million. India's share in Azerbaijan's total export during the period was 3.1%, being 8th export destination for Azerbaijan. Azerbaijan’s import from India was US$ 87.2 million during January-July 2021, an increase by 8.4% as compared to the same period of last year.