‘The old tradition of trade between India and Azerbaijan has to come back now. Factors that are important for business community is a stable political environment and that is there now’.
Observing that the trade between India and Azerbaijan stood at USD two billion in 2012, he said India was the sixth trading partner to Azerbaijan and now is the right opportunity for Indian entrepreneurs to invest in that country. He said towards this purpose, Azerbaijan has reduced the number of days for processing of visa applications from the earlier three-week period to the one week at present.
‘Opportunity is not only there in oil sector, even in energy, IT, chemicals, agriculture, food processing. We (Indian businessmen) have to capitalise them’, he said.
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