India-Latin America meet to consider $10.39 billion deals
April 27th, 2010 - 3:10 pm ICT by IANSNew Delhi, April 27 (IANS) Business proposals worth $10.39 billion (Rs.46,755 crore) will be discussed at a conclave of Indian and Latin American and Caribbean (LAC) firms here later this week, the Confederation of Indian Industry (CII) said Tuesday.
“Project proposals worth $10.39 billion will be discussed during the conclave across a wide cross-section of business sectors, including agriculture and food processing, machinery, sugar production, ethanol, contract farming, floriculture, textiles,” said the industry lobby, which is organising the 4th India-Latin America and Caribbean Conclave April 29 and 30.
Delegates from 13 LAC countries, including Argentina, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Mexico, Peru, Trinidad and Tobago, and Uruguay, will take part in the meet.
Collectively, the LAC region is a huge market. Trade between India and the LAC region has risen almost four-fold from $4.2 billion in 2004-05 to $16.1 billion in 2008-09.
“Indian businesses are also looking at larger footprints in specific regional blocs spread across the South American continent and the Caribbean region on the basis of the success achieved by these trade blocs in promoting trade among the member countries,” said a CII statement.
- Explore opportunities in Latin America: Scindia - Apr 29, 2010
- India, Peru cooperation can boost two-way trade: Scindia - Sep 08, 2010
- India-Africa business conclave starts Sunday - Mar 25, 2011
- Dominican Republic invites Indian business to set up base - Jan 31, 2011
- India-Africa conclave to discuss projects worth $30 billion - Mar 11, 2012
- Latin America beckons, India's trade may reach $50 bn by 2014 - Jan 02, 2012
- Projects worth $30 billion discussed at India-Africa conclave - Mar 20, 2012
- Enough scope for enhancing India, Uruguay economic cooperation: Anand Sharma - Feb 24, 2011
- India pitches for greater development ties with Africa - Mar 19, 2012
- Projects worth $18 billion discussed at India-Africa conclave (Lead) - Mar 29, 2011
- China's trade with Latin America grew in 2011 - Apr 18, 2012
- FDI in Latin America hits record high - May 04, 2012
- Tharoor's ouster a blow to India's Africa surge (Lead) - Apr 19, 2010
- CII to take business delegation to Ghana, Burkina Faso - Jun 01, 2010
- India-Peru to enhance economic cooperation: Anand Sharma - Jan 17, 2011
Tags: argentina brazil, business proposals, business sectors, caribbean region, cii, confederation of indian industry, contract farming, floriculture, food processing machinery, huge market, indian businesses, lac countries, lac region, latin american, project proposals, regional blocs, south american continent, sugar production, trade blocs, trinidad and tobago