Armenia has become the largest buyer of weapons from India, which has provided a significant boost to the Indian defense industry. Armenia has purchased $2 billion worth of weapons from India. This is mentioned in an article by New Delhi Television.
India aims to increase its export of military products and become a major arms seller, thus enhancing Armenia's role in New Delhi's strategic plans.
Armenia could become a hub for the export of Indian military goods to both regional countries and Eastern Europe.
Recent events have shown that alternative routes are needed for trade routes passing through the Suez Canal. This is one of the key reasons for promoting the idea of the International North-South Transport Corridor (INSTC).
This is of crucial importance for India. The shortest route to the Black Sea, Southern and Eastern Europe passes through Iran's Chabahar port to Armenia, connecting with the Armenian North-South route. The route then goes through Georgia, reaching the ports of Batumi and Poti, and from there to the Mediterranean Sea and Europe.
Additionally, there are other opportunities for cooperation with Armenia — trade, establishing production bases for Indian companies, and labor migration. Today, around 50,000 Indian citizens work in Armenia.
Underlying all this is the ancient friendship between the two ancient peoples — Armenians and Indians. India holds a special place in Armenian perceptions, which in turn gives New Delhi an additional advantage.
