In the past, some Indian companies invested in Armenian economy but later on they withdrew their investments and went back somewhere else. Indian Ambassador to Armenia Suresh Babu told the aforementioned in an interview with Armenian News – NEWS.am.
Indian Ambassador: Currently no major investments from India in Armenian economy
STEPANAKERT, JANUARY 6, ARTSAKHPRESS: According to him, Armenia, given its relatively small economy and small population, is a good proposition to do business. Despite its limited potential, Armenia is still interesting in terms of agriculture, also being a country with mines, which offer metals and minerals, the Ambassador said.
“Armenia is an emerging economy, which gives some kind of opportunities for investments. But right now, I must confess, there are no major investments from India in the Armenian economy. Why? I don’t know. Businessmen know better than me. Maybe this is due to some taxes or some other difficulties,” Suresh Babu added.
