Business Forum Held in Ashgabat to Expand Turkmen-Indian Economic Cooperation
Amul Info · · asgabat, ashgabat
A business forum dedicated to strengthening trade and economic relations between Turkmenistan and India took place in Ashgabat on October 18, 2026. The event brought together representatives of more than 30 leading Indian companies operating in mining, pharmaceuticals, agriculture, transport,…
On 18 October 2026, a business forum dedicated to developing trade and economic relations between Turkmenistan and the Republic of India was held in Ashgabat. The event was jointly organized by the Embassy of India in Turkmenistan and the Chamber of Commerce and Industry of Turkmenistan.
The main objective of the forum was to discuss prospects for increasing trade turnover between the two countries and intensifying investment cooperation.
Participants included Azat Nazarov, Deputy Chairman of the Chamber of Commerce and Industry of Turkmenistan; Bandaru Wilsonbabu, Ambassador Extraordinary and Plenipotentiary of India to Turkmenistan; representatives of the Indian diaspora; media professionals; and the heads and senior executives of more than 30 leading Indian companies operating in mining, pharmaceuticals, agriculture, transport, banking, and construction.
Addressing the forum, Indian Ambassador Bandaru Wilsonbabu highlighted the attractiveness of the Turkmen market to Indian investors. He stated that, as a result of economic reforms implemented over the past twelve years, India’s gross domestic product growth rate had reached approximately 7.5 percent. He noted that India is one of the world’s fastest-growing economies and aims to become the world’s third-largest economy in the near future.
According to the diplomat, India regards Turkmenistan as a friendly and reliable partner. The two countries share historical, cultural, and civilizational ties. He expressed confidence that cooperation between the two countries would continue to develop under the leadership of Indian Prime Minister Narendra Modi, President of Turkmenistan Serdar Berdimuhamedov, and National Leader of the Turkmen People Gurbanguly Berdimuhamedov.
Azat Nazarov, Deputy Chairman of the Chamber of Commerce and Industry of Turkmenistan, also emphasized the importance of increasing bilateral trade volumes and implementing new joint projects.
The forum highlighted the work of the Turkmen-Indian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation as one of the key mechanisms for coordinating and strengthening ties between the business communities of the two countries.
The forum once again demonstrated the interest of business communities in Turkmenistan and India in developing long-term, sustainable, and mutually beneficial cooperation.