Ambassador and Consul General

India - Armenia Business and Cultural Council

The Global India Business Forum (GIBF) team met the Ambassador of the Republic of Armenia to the Republic of India H.E. Mr. Vahagn Afyan and shared about GIBF’s activities, initiatives, motto and work done till date to promote economic growth of all the countries. Founder and Global President of GIBF, Dr. Jitendra Joshi and Co-founder and Secretary General, Deepali Gadkari felicitated the ambassador and presented a memento to him. They unanimously agreed to work in collaboration for uplifting the economies of their respective countries.

Metals, Diamonds, Beverages, Vegetables, Energy

Oil, Natural gas, Cereals, Rubber manufactures, Electrical machinery


About Armenia

About Armenia

Armenia, also officially called the Republic of Armenia, is a landlocked country located in the South Caucasus region of the

continent eurasia

. The country shares its borders with Turkey, Georgia, Azerbaijan and Iran. Armenia is a developing country as of now and the economy of Armenia is dependent primarily on industries and

extraction of minerals

. The country currently ranks 81st on the Human Development Index (HDI). Armenia is a part of many European government organisations such as the Council of Europe, the

eastern partnership

, Eurocontrol, the Assembly of European Regions and the European Bank for


and Development. The currency of Armenia is Armenian Dram and the total land area of the country is 29,743 sq. km. The capital of Armenia is Yerevan and the official language of Armenia is Armenian.

Business Oppotunities In Armenia

Business Oppotunities In Armenia

Armenia has

large reserves

of copper ores, gold, etc. Also, the country produces cigars and alcohol which are exported all across the globe. Jewellery articles and related parts are also other important exports of Armenia. The country also produces

electrical energy

and exports the same. These sectors, therefore, can bring in a lot of business opportunities for Armenia and other countries interested in investing in the landlocked country. The country also imports a lot of

energy resources

such as oil, natural gas, etc. These products can act as attractive business opportunities for countries interested in investing in Armenia’s energy sector.

Exports and Imports In Armenia

The exports of Armenia increased from $210.90 million in the month of November 2020 to $258.90 million in the month of December 2020. On the other hand, the imports of Armenia also increased from $405.30 million in November 2020 to $488.70 million in the month of December 2020.

Top Exports Of Armenia

The top exports of Armenia are metals and diamonds, along with energy, beverages, vegetables and fruits. The main export partners of the country are Russia, Germany, Iran, Bulgaria, the Netherlands, the USA, Spain, Canada and Belgium.

Top Imports Of Armenia

The top imports of Armenia are oil, natural gas, cereals, rubber, cork, wood and electrical machinery. The main import partners of Armenia are Russia, China, Ukraine, Iran, Germany, Italy, Turkey, France and Japan.
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