New Delhi, Apr 26 (KNN) External Affairs Minister S Jaishankar has said that India is considering to set up a logistics hub for Indian companies in Panama.

He highlighted that the country's trade with Latin America is growing and nearing USD 50 billion.

The minister arrived in Panama on Monday from Guyana. He called on President Nito Cortizo and conveyed the personal greetings of Prime Minister Narendra Modi to him.

“His strong resonance with PM Modi’s “Panch Prann” reflects the strength of our Global South bonds and shared outlook for the world. Valued his guidance for advancing our bilateral and multilateral partnership,” Jaishankar tweeted.

To achieve quality, effective and cheaper medicines for Panamanians, Cortizo said, during their meeting, they talked about the will to make an alliance with the Indian pharmaceutical industry.

“We address the commercial exchange between Panama and India and the advantages that our country offers for the establishment of more companies; also about the opportunities for cooperation, and our interest in developing a centre of technological excellence and innovation,” he tweeted.

Manufacturing pickup via Production Linked Incentives and support to vendor chains and MSMEs. Indian products are a natural fit for the Latin American middle class, Jaishankar said.  (KNN Bureau)