YEREVAN, AUGUST 31, NOYAN TAPAN. 60 Armenian specialists are undergoing training in India with scholarships of the Indian government under the Technical and Economic Cooperation Program of this country. The Indian Ambassador to Armenia Ms Rina Pandei while presenting India's diamond cutting and jewelery making sector in Yerevan on August 31. The event was organized by the delegation of India's Gem and Jewelery Export Promotion Council. According to the ambassador, in 2002, trade turnover between the two countries made 4.6 million USD, in 2005, it amounted to 11 million USD, while in January-June 2006 - to 5 million USD. It was noted that the Indian capital has participation in the Armenian economy, particularly in such sectors as gold extraction and processing (Vedanta company) and diamond cutting (Rosy Blue company). The ambassador expressed a high opinion about the Armenian economy's investment opportunities, which is evident from the growth of foreign investments from 200 million USD in 2003 to 500 million USD in 2005. According to her, out of 300 tractors to be provided to Armenia by the Indian government, 60 are already in Armenia, while the remaining part will be delivered in October. Rina Pandei called on the Indian delegation members to develop mutually beneficial cooperation with Armenian partners, who have considerable experience in diamond cutting and jewelery making.

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