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2016 Year in review Doklam, for the home theatre? Siemens-Mitsubishi rival GE’s bid For Alstom takeover Forget USA and UK for higher education In US he was excellent... When German consumers were paid for power consumed! 2015 Year in review Trade prospects promising When Americans help yuan to emerge a reserve currency... Pakistan – the siege within Move forward in fast forward mode A mixed shopping bag London Bridge is falling down Auto component exports to UK brighten Modi in Washington The lions roar to growth... East Asian and Indian Trump cards Bitten by the South American bug… Nuclear sabre-rattling takes centre stage And the Nobel goes to… Maggie melts The Japanese will rise again... Promise of 9 billion pounds in FDI Relentless hunt for trade deals... A sense of oneness in a foreign land... Big O’s win A success? A failure? Or a fraud? BBC stars in a vain vitriolic campaign The new state of terror The mid-air scare All talk and hopefully, all action National Security @ the cost of Privacy Worldwatch Institute’s Vital Signs French elections and more Why the hell are we refusing to learn? Two weeks of Trump May on back foot, advantage India? The story of the diminishing value of the pound End of an extravaganza Of diversity and inclusion China's might - India's Weakness Trump unconcerned and immune to scandals No longer a shining star A person will win. What the country might lose... Modi sharpens the look - east policy Media’s Modi phobia... Trump and Netanyahu rule the headlines Let’s copy paste Happy birthday, Sharief
 
Bitten by the South American bug…
Helpful for India’s food, energy security and economic prosperity, South American countries offers myriad opportunities in several sectors.

Experts with first hand knowledge on the region gathered at an Economic House interactive session and did a SWOT on South America.

 

The Café con Visa

Vinod Surana, Partner & CEO, Surana & Surana International Attorneys

My interaction with South America was propelled by destiny than by any planned action. I was part of the delegation that went to South America. Two days before departure I got an email from CII that I was to head the delegation. I had never led any delegation till then and hence I spent a lot of energy studyng Indo-S America relations in the good 20 hour plus flight.

From Brazil we went to Uruguay, Peru, Argentina and Chile. It was 10 days of non-stop reading, presentations and selling India. I had to speak on Indian GDP, trade, business, corporate houses and culture. We had to promote India and in a subtle manner counter the influence of China. The delegation was a success. Subsequently I led such delegations annually. This helped build relationships in Brazil, Argentina and Uruguay.

In 2010, we brought out a publication on Indo-Uruguayan relations- an investment guide. It was released in Mumbai by the speaker of Uruguayan parliament. We bought out a similar publication for Argentina also. It was released in Buenos Aires in 2011. Slowly relations began to expand. A 62 member delegation of San Luis headed by their Governor visited Chennai last May. San Luis province opened their office here.

During my travel I saw a lot of possibilities. Though large companies like Havel’s, Mahindra, TCS, Infosys, Aurobindo, and United Phosphorous have set up shops, there is a need to encourage medium-sized companies to make use of the rich resources and opportunities.

Though problems of travel and visa existed, these have become things of past. Thanks to the efforts of Indian Ambassadors R Viswanathan and S Swaminathan, the situations have changed dramatically. The Café con visa introduced by R Viswanathan, former ambassador of India to Argentina, Uruguay and Paraguay, caught the attention of many business people. It was 90-day free visa, which could be extended by another 90 days. If you applied for a visa in his office he would invite you for a cup of coffee and before you finish your coffee the visa would be ready!  

 

Trading won’t work out...

Dr R Ravichandran, Secretary General, Indo-LAC Chamber of Commerce & Industry

There are challenges that exist in convincing businessmen, especially Chennai-based, investing in a distant land. My first trip was in 1993. Since then I have travelled 34 times to almost all countries in South America. I have spoken to 100 plus companies about SA.  Most foreign delegations land in Delhi, go to Mumbai, Bangalore or Hyderabad for business and Goa to relax. Chennai has been mostly left out and hence I was keen to form a chamber from South. My aim was to create a business model for SME. Big companies do not need us. In 1993 interest rate in Brazil was 10 per cent per month and inflation was 300 per cent; yet there were lot of opportunities to be tapped.

Doing business with South Americans takes more than discussing just business. If you send a formal email, you will never get a response. It takes travel and perseverance to strike business deals. Though the initial investments cost a fortune, a deal signed once is for a lifetime.  People think of exporting rice, spice and leather goods. Trading businesses does not last long. Three things are important for successful business: value added products, setting up factories or warehouses in SA and, more importantly, a joint venture partner.

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