Contact FICCI
Latin America & Caribbean region have emerged as potential growth market for India with significant complementarities and synergies in trade and business. The Indian Government has a renewed focus on LAC region with a ‘Focus LAC Strategy’ and expects higher economic engagement between the LAC region and India.
India’s trade with LAC in 2016-17 was $30 billion, of which export was $10.4 billion and imports $19.6 billion. The potential for trade is expected to be $100 billion by 2025.
Key drivers of growth in bilateral relations between India and LAC countries:
- Both India and larger LAC economies have similar imperatives of inclusive growth and ‘complementarities’ of growth models
- Growing bilateral investment, with over 100 Indian companies in LAC/ 40 Latin American companies in India
- LAC economies increasingly looking beyond traditional partners as United States and China
Latin America & Caribbean region have emerged as potential growth market for India with significant complementarities and synergies in trade and business. The Indian Government has a renewed focus on LAC region with a ‘Focus LAC Strategy’ and expects higher economic engagement between the LAC region and India.
India’s trade with LAC in 2016-17 was $30 billion, of which export was $10.4 billion and imports $19.6 billion. The potential for trade is expected to be $100 billion by 2025.
Key drivers of growth in bilateral relations between India and LAC countries:
- Both India and larger LAC economies have similar imperatives of inclusive growth and ‘complementarities’ of growth models
- Growing bilateral investment, with over 100 Indian companies in LAC/ 40 Latin American companies in India
- LAC economies increasingly looking beyond traditional partners as United States and China
FICCI's Engagement
FICCI’s LAC Division is committed towards enhancing collaboration and cooperation between India and LAC countries. While promoting bilateral trade is an important part of work, the team also engages with various stakeholders on policy issues to further the commercial relationship. There is a large focus on investment led trade and to move away from the current status of commodity trading and pushing private sector towards value-added products and helping companies to be part of the global supply chain. The division is actively engaged in tracking new avenues of collaboration for Indian companies through:
- Opportunities with regional groups as Pacific Alliance, MERCOSUR CARICOM, ECELAC, SICA
- Providing industry inputs to facilitate trade agreements (India-Mercosur PTA, India-Chile PTA and India-Peru Trade Agreement*)
- Sector-focused business delegations to LAC countries
- Participation in the sectoral fairs in the LAC region to increase business engagement
- Organizing B2B engagements for business delegations from LAC countries
- Organizing India-LAC Investment Summits to promote bilateral investment
FICCI’s sectoral approach constitutes the following: IT/ITES, digitalization technologies, pharmaceuticals, chemicals, affordable healthcare, renewable energy, media & entertainment, textiles, food security, energy security, aerospace, shipbuilding, infrastructure & housing and minerals. FICCI is also designated the lead organization by Ministry of Commerce for promoting Healthcare, Defence & HLS and Textiles sectors in LAC region. FICCI is the technical secretariat to the India-Brazil Business Leaders Forum designated by Department of Industrial Policy and Promotion (DIPP) and BRICS Business Leaders Forum.
Timeline
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Aug
Event
India-New Zealand: Unlocking Trade and Investment Potential between India and New Zealand
May
Event
Industry Interaction with the Hon'ble Ms. Adriana Mira, Vice Minister, Ministry of Foreign Affairs, El Salvador
Feb
Jan
Press Release
India-Guyana government working on framework to encourage investments: Dr Mohamed Irfaan Ali, President of Guyana
Event
India - Guyana Business Meeting in Honour of H.E. Dr. Mohamed Irfaan Ali, President of Guyana
Event
India - Suriname Business Meeting in Honour of H. E. Mr Chandrikapersad Santokhi, President of Suriname
Mar
Press Release
India-Latin America have strong diplomatic, deep-rooted relations with Pacific Alliance countries: Ambassador of Mexico from India
Feb
Event
Namaskar - Pacific Alliance 2022
Jan
Jul
Mar
Press Release
Bilateral Trade between India Pacific Alliance to touch USD 30 billion: Joint Secretary, LAC, Ministry of Commerce
Jan
Press Release
Government working on development partnerships with nations: Secretary (ER), MEA
Nov
Event
Colombia as a Hub for the Americas: A Nearshoring strategy for Indian IT & ITES Companies
Oct
Sep
Event
Namaskar Pacific Alliance Series: Deepening and Strengthening the bilateral trade investment scenario between India - Chile
Jun
Event
Namaskar Pacific Alliance: India - Colombia Business Continuity: Challenges and Opportunities
Apr
Event
Webinar on India-Brazil Post COVID-19 New reality: Opportunities and Challenges
Jan
Nov
Press Release
BRICSMATH to build mathematical abilities in students: CBSE Joint Secretary Pushkar Vohra
Event
Interactive meeting with Mr. Upendra Singh Rawat, Ambassador Designate to Panama, Nicaragua and Costa Rica
Jul
Jun
Press Release
India-LAC trade up 20-fold yet since 2002; huge potential untapped: MEA official
Apr
Feb
Event
Industry Consultation with Mr Shyamal Misra, Joint Secretary- FT LAC on issues and Challenges pertaining to LAC region
Oct
Event
India Pavilion in Expo FIHAV
Sep
Event
Interactive meeting with H E Mr. Luis Miguel Hincapie, Deputy Minister of Foreign Affairs of Panama
Jun
May
Press Release
India Pavilion at HOSPITALAR 2018 showcases strength in healthcare, medical devices & equipment sector
Apr
Mar
Event
Interactive Meeting with H E Mr Julio Enrique Dougherty, Vice Minister of Economy, Guatemala
Press Release
Venezuela urges Indian investors to cash in on the country's economic liberalisation
Jan
Event
Interaction with H E Mr. Carl Greenidge, Vice-President and Minister of Foreign Affairs and accompanying delegation from Guyana
Event
India - Guyana Business Dialogue: Interaction with Mr. Carl B. Greenidge Vice-President and Minister of Foreign Affairs, Guyana
Dec
Nov
Press Release
Peru looks forward to enter into a trade arrangement with India - Ambassador of Peru
Event
Seminar on "Benefits of the Trade Agreement between India and Peru: Opportunities in Trade and Investments"
Oct
Event
Interactive Meeting with H E Ms Kamina Johnson Smith, Foreign Minister of Jamaica and Accompanying Delegation
May
Press Release
Recalibrating economic ties with Latin America; FICCI delegation visiting Ecuador and Columbia
Mar
Event
Interactive Meeting with H E Mr. Edgar Vasquez, Vice Minister of Foreign Trade of Peru
Oct
Jul
May
Jan
Event
Delegation from Johns Hopkins University School of Advanced International Studies (SAIS)
Nov
Event
Interactive session with Senator H E Ms Katia Abreu, Minister of Agriculture, Livestock and Food Supply, Brazil
Jul
May
Event
FICCI Business Delegation to Mexico & Colombia
Mar
Jan
Dec
Nov
Oct
May
Feb
Event
Interaction with Ambassador Designate of India to Chile Mr Debraj Pradhan, with Select FICCI Members
Event
'Destination Santa Fe, Argentina' Interactive Session with Dr. Antonio Bonfatti, Governor of the Province of Santa Fe, Argentina and accompanying Delegation
May
Event
Interactive Meeting & B2B with Honble Mr Claudio Poggi, Governor, San Luis & accompanying Government and Business delegation
Mar
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Feb
Event
Meeting with H E Walter Padula, Hon’ble Minister of Industries, Transport and Mining, Province of San Luis, Argentina
Jan
Jul
Jun
May
Apr
Event
Interactive Session with Trade Mission from Foreign Trade Chamber of Commerce, Rosario, Argentina
Mar
Event
Business Session with H E Ms Dilma Rousseff Hon'ble President of the Federative Republic of Brazil and the accompanying delegation
Event
Seminar and Business Meet on India-Argentina Collaboration: Technologies for Supermarket Age and Food Processing Industries
Event
Interactive Meeting with H E Ms Anabel González, Hon’ble Minister of Foreign Trade of Costa Rica
Jan
Event
Interactive Meeting with H E Mr Guido Girardi, President of the Senate of Chile and the accompanying Parliamentary Delegation
Event
Interactive Meeting with the Hon'ble Mrs. Kamla Persad-Bissessar, Prime Minister of the Republic of Trinidad and Tobago
Nov
Event
B2B Meetings with Business Delegation from Ecuador
Sep
