India has a huge scope for diversifying its economic engagement with Azerbaijan especially in textiles and garments.
Indian apparel and readymade garments are already well known in Azerbaijan both through sale by local entrepreneurs and other global franchises.India and Azerbaijan enjoy close friendly relations based on historical links and growing bilateral cooperation. The two countries have increasing business and commercial cooperation in the fields of energy, pharmaceuticals, agriculture, tourism, IT, science and technology, textile and garments, education, to name a few. Total bilateral trade between India and Azerbaijan has reached around 463 million dollars.
The two countries have growing cooperation in capacity building under the Indian Technical and Economic Cooperation program, which provides fully paid training programs for Azerbaijani professionals and students in Indian institutions. A trade show Best of India was held in Azerbaijan in 2019.Some 75 companies from India showcased high quality products and services including electrical and electronics, bicycles, rice, tea, spices, packaging, pharmaceuticals, gifts and handicrafts, stationery, home furnishings, textiles and garments, jewelry and cosmetics. Apart from business and commerce the event focused on portraying the rich Indian cultural heritage through cultural events, food and festivals etc. all adding to the best of India experience.