Indian companies intend to participate in energy and petrochemical projects in Azerbaijan
Ambassador of India to Azerbaijan, Mr. Sanjay Rana met with the Minister of Energy, Parviz Shahbazov to discuss matters related to cooperation between the two countries in the field of energy, including renewable energy.
Ambassador Rana informed that India was keen to further develop cooperation with the State Agency on Alternative and Renewable Energy Sources (SAARES) of the Republic of Azerbaijan in the area of capacity building and several personnel from SAARES have participated in training course conducted in India under the Indian Technical and Economic Cooperation (ITEC) programme. India and Azerbaijan are partners in development of the International North- South Transport Corridor which will open up many more possibilities of trade and investment between the two countries in coming years. It was mentioned that India, France and the United Nations have launched the International Solar Alliance (ISA) in November 2015 as a coalition of sunlight rich countries lying between the two tropics to jointly find solutions for their energy needs, enhance usage of solar energy through joint efforts and generate employment. India which hosted the ISA Foundation Summit in New Delhi in March 2018 has invited Azerbaijan which is not located between the two tropics but has ample sunlight to join the Alliance as a partner counter.