Latin America offers good trade avenues for India, says envoy
September 1st, 2009 - 9:35 pm ICT by IANSChennai, Sep 1 (IANS) The Latin American region, unaffected by the global meltdown, offers good business opportunities for Indian companies in sectors such as information technology (IT), pharmaceutical, renewable energy, agri-business and manufacturing, said a senior Indian diplomat here Tuesday.
“Indian companies should formulate long-term strategies to tap the available potential. India’s bilateral trade with Latin America has gone up eight times to $16 billion since 2001,” said R. Viswanathan, India’s ambassador to Argentina, Uruguay and Paraguay.
Viswanathan was speaking at a seminar themed “India and Latin America: Augmenting Synergies in Post-Crisis World,” organised by the Confederation of Indian Industry (CII).
According to Department of Commerce director Suchismita Palai, the Indian government has realised the importance and the potential of Latin American countries.
Compared to China’s $140-billion bilateral trade with that region in 2008, that with India stood at only $16-billion. This, she said, could be doubled by 2012.
- Latin America beckons, India's trade may reach $50 bn by 2014 - Jan 02, 2012
- India looks at South America for farm revolution - Sep 03, 2010
- Latino fun, Indian skills ideal mix for work places: Envoy - Apr 21, 2011
- Enough scope for enhancing India, Uruguay economic cooperation: Anand Sharma - Feb 24, 2011
- Uruguay wants India to set up full mission at Montevideo - Apr 30, 2010
- Updated India-Mercosur PTA on agenda: Uruguayan envoy - Apr 30, 2011
- Indian firms looking for business in Latin America: WSJ - Feb 11, 2010
- Envoy lauded for boosting Indian-Latin American ties - Dec 11, 2009
- Argentine president to visit India Nov 13-15 - Oct 06, 2009
- Scindia heads Indian business team to Uruguay, Argentina - Apr 27, 2011
- Explore opportunities in Latin America: Scindia - Apr 29, 2010
- Uruguay vice president arrives on 7-day visit, to ink economic deals - Feb 17, 2011
- Argentina buys Indian pharma products worth $200 million - May 04, 2011
- 'Jindal's steel and power project will transform Bolivia' - Jun 16, 2011
- Bollywood takes India-Latin America ties to new high - Feb 01, 2011
Tags: ambassador, avenues, bilateral trade, business opportunities, confederation of indian industry, department of commerce, eight times, energy agri, global meltdown, good business, indian diplomat, indian government, latin america, latin american countries, latin american region, r viswanathan, renewable energy, sectors, synergies, term strategies