Azerbaijan is exploring investment and industrial cooperation opportunities with India’s Hinduja Group, with discussions focusing on vehicle manufacturing, technology transfer and joint projects across key sectors.
Azerbaijan’s Minister of Economy, Mikayil Jabbarov, held a videoconference meeting with Sanjay Hinduja, Chairman of Gulf Oil International, and Dhiraj Hinduja, Chairman of Ashok Leyland, both representing the Hinduja Group.
The discussions covered Azerbaijan’s favourable business and investment environment, industrial potential, transport and energy infrastructure, and opportunities to access regional markets.
Both sides highlighted the potential for partnerships in implementing joint projects, transferring technology and localising vehicle production in Azerbaijan. They also explored ways to expand cooperation in the industrial, transport and energy sectors, promote domestic vehicle manufacturing and strengthen bilateral investment ties.
Founded in 1914, the Hinduja Group is an international conglomerate operating in 38 countries, with business activities spanning nearly 100 countries. It employs more than 250,000 people and has interests in lubricants and specialty chemicals, banking and financial services, digital technologies, energy, real estate and healthcare, among other sectors.
Gulf Oil International, which became part of the group in 1984, and commercial vehicle manufacturer Ashok Leyland are among its major businesses. Ashok Leyland manufactures trucks, buses and tractors.