YEREVAN, October 30. /ARKA/. Armenia has launched a dialogue with India to connect its national retail payment infrastructure company with UPI and set the foundation for collaboration amid he impressive rise in Indian labor force and tourists, the Indian Economic Times (ET) daily reported.
India-Armenian dialogue is currently revolving around mutually agreed interchange fee structure, Armenian Central bank Governor Martin Galstayn told the newspaper.
With the flow of Indian businesses and tourists increasing in Armenia it is also actively considering collaborating with the Indian fintech industry, Galstyan said, adding that there is growing demand for Indians in Armenia’s construction and delivery sectors.
Startups and the IT sector hold tremendous potential for collaboration in the backdrop of success of Indians and Armenians in these sectors, he added.
“Recently, we have been observing increased labour mobility between India and Armenia. Indians are seeking employment in Armenia’s booming construction and delivery sectors as internal labour force is limited. Labour mobility has a great potential to grow,” Galstyan informed.
Armenian Economy Ministry has started exploring establishing a new high-speed cargo transport corridor that connects Indian goods to European markets through Armenia, Galstyan further informed. -0-
