More than 30 executives and senior managers from Indian companies attended a meeting on trade and economic cooperation between Turkmenistan and India in Ashgabat on Oct. 16. The event focused on prospects for expanding bilateral trade and investment cooperation in industry, pharmaceuticals, agriculture, transportation, banking and construction, according to the Golden Age e-newspaper.
The event was organized by the Embassy of India in Turkmenistan and the Chamber of Commerce and Industry of Turkmenistan. Participants included Indian Ambassador to Turkmenistan Bandaru Wilsonbabu, Deputy Chairman of the Chamber of Commerce and Industry of Turkmenistan Azat Nazarov, and representatives of the Indian diaspora and the media.
Speaking at the meeting, Wilsonbabu highlighted the attractiveness of the Turkmen market to Indian investors. He noted that India views Turkmenistan as a friendly and reliable partner under its “extended neighborhood” policy, adding that the two countries’ historical, cultural and civilizational ties provide a foundation for further cooperation.
Nazarov emphasized the importance of further increasing bilateral trade and implementing new joint projects.
According to the report, one of the key mechanisms for coordinating bilateral cooperation is the Turkmenistan-India Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation. Its activities are aimed at developing economic ties and strengthening business contacts between the two countries.
