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India & Azerbaijan explore potential for cooperation in textile sector

25 Jan '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • The Embassy of India recently organised a textile business meet in Azerbaijan. Representatives from both nations participated in the meet physically and virtually to explore the potential for business cooperation in the textile sector. Trade data suggests that India's apparel exports to Azerbaijan has remained negligible and declined after ****.

Organised in association with Texprocil and Founder Club on January **, ****, the India-Azerbaijan Business Meet on Textiles sector was attended by about ** Azerbaijani Companies in physical mode, while their Indian counterparts joined the event in virtual mode, the Embassy of India in Baku said in a press release. 

In his opening address, Vinay Kumar, Chargé d&#**;Affaires of India in Baku, highlighted that there is a huge scope for diversifying India&#**;s economic engagement with Azerbaijan. He mentioned that Indian apparel and ready-made garments like in many parts of the world are already well known in Azerbaijan both through sale by local entrepreneurs and other global franchises and underlined the huge potential for increasing market share of India in this sector in Azerbaijan. 

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