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25/05/2018 11:54am

India and Argentina explores possibility of collaboration to diversify trade

image India and Argentina explores possibility of collaboration to diversify trade

New Delhi, May 25 (KNN) As developing nations, India and Argentina must focus on strengthening strategic relations and co-operation in sensible areas such as agriculture, atomic energy, space research, mining, tourism, infrastructure and traditional medicine such as AYUSH, said Daniel Chuburu, Ambassador of Republic of Argentina.

Speaking at an interactive meeting organized by World Trade Centre Mumbai on May 24, 2018 at WTC Mumbai, Chuburu said “we are working with India to diversify trade basket”.

He said that we are trying to explore and use every single opportunity to build confidence in our relationship by setting up new institutional mechanism.

As part of this initiative, the Embassy of Argentina will soon launch a bilateral chamber for agro-products and agro-services in New Delhi and its first centre will be opened in Mumbai, said Chuburu.

Making his first official visit to Mumbai to celebrate 208th Argentine National Day on May 25th, 2018 Chuburu said that there is tremendous opportunity in the state to strengthen bilateral relationship.

Highlighting the possibilities of collaboration between both the countries, he said “Government of Argentina is discussing with Government of India the possibility of launching direct flight service and it is also working on code sharing agreement. I hope the discussion will conclude soon.”

On the area of food security, H.E. Mr. Chuburu said Argentina has developed cutting edge farm technologies and biotechnologies which can help India improve agriculture productivity and reduce post-harvest losses of farm produce.

He also invited Indian companies to explore investment opportunities in sectors like energy, mining, especially in lithium, gold and copper.

H.E. Mr. Chuburu also pointed to the potential for bilateral collaboration in the satellite sector for space and radar technologies in the aviation sector.

Speaking about collaboration in creative industry, the Ambassador mentioned that cinema is another key focus area for Argentina.

Aiming to promote collaboration in the above sectors, he emphasized that both the two big countries deserve deeper relationship and there has to be balanced trade.

During his visit, the Ambassador met Indian company’s viz. TATA Chemicals, TCS, UPL, Yupaa International (a fruit importer), Reliance Sports and Reliance Industries.

He also met major Argentine companies which have their base in Mumbai including INVAP which is building a radioisotope medicine facility in association with Board of Radiation and Isotope Technology, a part of BARC.


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