KOCHI: Latin American and Caribbean nations provide great opportunities to Indian entrepreneurs, especially in the SME sector, said Jorge Cardenas, Bolivian Ambassador and chairman of the Grouping of Latin America and the Caribbean.
He was speaking at a seminar on ‘Engaging with Latin America and Caribbean: Building Economic Partnerships’, organised by the Confederation of Indian Industry (CII)-Kerala Chapter here on Monday. He said the Latin American and Caribbean countries were having diversified areas, ranging from agriculture to oil and gas, for investment.
“Traditionally, India was not in the list of nations with which we engaged in trade. But, the scenario is slowing changing. Countries in the Latin American and Caribbean region are looking at India for partnerships and bilateral trade,” he pointed out.
Cardenas said countries in the region would be more than happy to collaborate with India in sectors like ayurveda and tourism.
Speaking on the occasion, Colombian Ambassador Monica Lanzatte said the Pacific Alliance - the Latin American trade bloc comprising Chile, Colombia, Mexico and Peru - offered a huge scope for investment in food products, meat, tourism and mining. “These four countries have almost uniform trade policies, which make them easily accessible. We are looking at opportunities to partner with Indian firms for mutual trade partnerships,” she said.
Venezuelan Ambassador Augusto Montiel said the country had abundant natural resources including oil, gas, gold, bauxite, iron and non-metallic minerals. “It is a country open to the other markets in the hemisphere, and has a legal framework that is favourable for investment. Venezuela enjoys a privileged location in the northeast of South America, giving it an opportune access to Latin America and the Caribbean,” he said.