Armenia is focusing on IT, agriculture, diamond cutting and polishing to boost trade ties with India, the Eurasian nation's ambassador to India, Ara Hakobyan, said today.
"The economic relations between India and Armenia should improve, because there is a lot of potential between the two countries," Hakobyan said.
"With both Indians and Armenians good at IT, we will have a joint project to boost these sectors for international trade. Facilities for training, research and development of professionals of both countries will be set up," Hakobyan, who came here to attend a programme to commemorate the 95th anniversary of Armenian Genocide, said.
In addition to Mumbai, Armenia will have another honourary consul general in Kolkata, where the largest number of Armenian descendants live, Hakobyan said.
The Indo-Armenian Inter-Governmental Commission, which was set up in 1997, will meet in June for boosting trade between the two countries, he said.
Indian exports to the country consist of food, electrical equipment, optical equipment, plastic, pharmaceuticals and chemical goods. Armenia exports non-ferrous metals, raw rubber, books and textiles.