leather is better than China's the dealers say.
already active in Armenia with a $100 million gold-mining enterprise, is looking
to expand its business associations here and held a one-day exhibit this week
to encourage trade between the nations.
Held in Hotel Armenia, the exhibition
offered a display by seven exhibitors of mostly leather and sporting goods aimed
at attracting Armenian businessmen to connect with Indian manufacturers.
to India's Ambassador to Armenia, Deepak Vohran, the exhibition had the dual purpose
of promoting Indian leather goods and of stimulating Indian investment in Armenia.
main investments here are its mining enterprise in the Ararat region and a diamond-processing
Vohran hopes that the third big investment in Armenia will be
made in leather.
"China provides the biggest volumes, but Indian leather
is of the best quality," the ambassador said, adding that his country will
produce $4-5 billion of leather goods this year.
Deputy Head of the Chamber
of Commerce and Industry of Armenia Aram Vardanyan says that Armenia imports leather
from different countries, but gets most of its top-quality leather from Italy.
Vohran insists that leather imported to Armenia from Italy is 80 percent Indian,
because Italian businessmen cooperate with Indian businessmen in this field.
the exhibition meetings were held between Armenian businessmen and their Indian
counterparts for the purpose of finding mutually advantageous common grounds of
According to Indian businessmen, Armenia is a good
place for investments. Especially the geographical position of the country attracts
them as it is next to Europe and CIS countries. There is also cheap, efficient
and well-educated man power here.
manufactures met at the exhibition with Armenian dealers.
The Indians say they are also looking at cooperation with Armenia in
the fields of engineering industry, high tech and Information Technology as well.
says India would like to build an automobile plant in Armenia, for production
of its "Scorpio" model.
"Those cars are of the same quality
as the Japanese 'Pajero' but they are much cheaper," Vohran says.
the export side of business, Armenia is presently sending scrap metal to India.
The Ambassador says it is hoped that soon Armenian wine will also be exported
to his country, as well as Cigarron cigarettes.
An Indian delegation is
expected in Armenia in the near future to discuss development in the high-tech
industry. Presently Indian production in that area is about $20 billion. According
to the ambassador, India hopes to increase its high-tech output to $80 billion
According to Vardanyan, cooperation with India will provide Armenia
with great opportunities.
"There was a time when Armenia was a country
producing shoes and other leather goods and it was also known for its information
technologies," he says underlining the fact that there are many plans connected
to this country.
While talking about leather production the Indian ambassador,
who speaks Armenian and as he says, "almost perfectly", joked about
how in India the fact of cows being holy animals is combined with development
of the leather business.
"The cow is holy but the buffalo isn't,"
he says. "The cow is holy but it dies. We also skin lizards, alligators and
snakes, but only after they are dead."