India-LAC Investment Conclave to be held from 16-17 October
Updated: Oct 14, 2014 11:21:57am
New Delhi, Oct 14 (KNN) More than 250 delegates from Latin American countries (LAC) representing the respective governments and businesses sectors from agriculture, food processing including machinery, IT / ITES, pharmaceuticals and renewable energy sectors will be participating in the India-LAC Investment Conclave to be held here on October-16 and 17.
The event is being organized by FICCI, in association with the Department of Industrial Policy and Promotion (DIPP) and the Ministry of Commerce and Industry; with support from the Ministry of External Affairs, to this first ever investment focused platform, between India and Latin American and Caribbean countries.
Further, captains from the Indian business community along with senior policy makers from the government will be at the event, with more than 300 delegates confirming their participation.
The India-LAC Investment Conclave thus is a response to the need to convert the opportunities into concrete deliverables that will drive cooperation in trade, services and investments between India and the region.
“This Conclave is an endeavor to build on the momentum generated in the ties between India and the Latin American countries region following the visit of Prime Minister Narendra Modi to Brazil, where he interacted with the leaders of the South American nations.
“The India-LAC Investment Conclave 2014 is happening at a time when India and Latin American equations are on the cusp of a paradigm shift amidst signs of Latin America rapidly emerging as one of the major growth engines of the world. India’s trade with the top 10 trade partners of Latin America in 2013 was roughly USD 40 billion. In this, Peru has joined the billion-dollar club of the 6 other countries namely Brazil, Venezuela, Mexico, Chile, Colombia and Argentina with whom India's trade is over one billion dollars,” an official release said.
Argentina, in the LAC region is the 6th largest partner of India with bilateral trade of USD 2 billion in 2013 with a potential of USD 4 billion in the next five years, regarded as the best point of entry to Mercosur, composed of Argentina, Brazil, Paraguay, Uruguay, Chile, Bolivia and Peru. Similarly, the Peruvian economy has been demonstrating a growth of 5 per cent since 2000. Peru ranked 42nd globally and 3rd among LAC countries in terms of ‘Ease of Doing Business’ in the year 2013, according to World Bank. (KNN/ES)
The event is being organized by FICCI, in association with the Department of Industrial Policy and Promotion (DIPP) and the Ministry of Commerce and Industry; with support from the Ministry of External Affairs, to this first ever investment focused platform, between India and Latin American and Caribbean countries.
Further, captains from the Indian business community along with senior policy makers from the government will be at the event, with more than 300 delegates confirming their participation.
The India-LAC Investment Conclave thus is a response to the need to convert the opportunities into concrete deliverables that will drive cooperation in trade, services and investments between India and the region.
“This Conclave is an endeavor to build on the momentum generated in the ties between India and the Latin American countries region following the visit of Prime Minister Narendra Modi to Brazil, where he interacted with the leaders of the South American nations.
“The India-LAC Investment Conclave 2014 is happening at a time when India and Latin American equations are on the cusp of a paradigm shift amidst signs of Latin America rapidly emerging as one of the major growth engines of the world. India’s trade with the top 10 trade partners of Latin America in 2013 was roughly USD 40 billion. In this, Peru has joined the billion-dollar club of the 6 other countries namely Brazil, Venezuela, Mexico, Chile, Colombia and Argentina with whom India's trade is over one billion dollars,” an official release said.
Argentina, in the LAC region is the 6th largest partner of India with bilateral trade of USD 2 billion in 2013 with a potential of USD 4 billion in the next five years, regarded as the best point of entry to Mercosur, composed of Argentina, Brazil, Paraguay, Uruguay, Chile, Bolivia and Peru. Similarly, the Peruvian economy has been demonstrating a growth of 5 per cent since 2000. Peru ranked 42nd globally and 3rd among LAC countries in terms of ‘Ease of Doing Business’ in the year 2013, according to World Bank. (KNN/ES)
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