India to tap gold in Azerbaijan, Uzbekistan

He added that Indian companies are willing to extract gold in cooperation with the local entities or in an independent way.

"The aim is that MMTC and NMDC consolidate their positions in these countries. This will pave the way for long-term reserves," he noted.

Shri Jairam Ramesh led a multi-sectoral delegation to Azerbaijan and Uzbekistan from April 10-16 2007 to boost bilateral economic relationships covering both investment and trade. The issue was tabled during the meetings within the scope of the official visit, APA-Economics reports.