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Airlines hit by service tax on lease While MoTown is on a tailspin, the telecom sector is staging a rally Plans to double trade with Latin America Latin America beckons India for investments Capital Notes Infosys not to cut prices Aircraft lessors to get protection from defaulting airlines SpiceJet in the news again Automobile sector in slump... Vodafone slapped with tax notice of Rs 3700 crore Hunt for new finance secretary on... ONGC to draw down on reserves to meet CAPEX needs Singapore Airlines prefers Airbus Wal-Mart studying FDI norms post split with Bharti Trends point to a hung assembly Urja Sangam in Delhi Hyundai Grand i10 awaiting launch Lanco to sell Australian acquisition German envoy Steiner caps a language row TCS, Indiaís biggest block buster Excise duty may halt the war in SUV market Vodafone to buy out minority shareholders LANCO opens negotiations with buyers for Karnataka power plant Jet-Etihad Rs 2000 plus crore deal to be cleared Smartphone prices may change Kolkata kisses goodbye to Ambi? How important is Modiís German visit... Canada screams over IT outsourcing to India Renault revving up small car launch Fox Star Studios to tie-up with Bolly-wood and Kollywood GMR to raise US $ 250 mn thru QIP Flipkart India in the red by Rs 280 crore Carlyle invests in Trehanís Medanta Medical Centre TVS bullish on the two wheeler market?
 
Plans to double trade with Latin America

The presence of Narendra Modi at the BRICS Summit last year has raised the interests of the comity of nations in South America in India.

Distance separates India from the Latin American continent. It makes ease of doing business with these countries difficult in terms of working out the logistics and costs for movement of goods across the seas and cutting down cost and time delays.

India’s former Ambassador in Chile , Pradeep Kapoor told IE: “in these days of modern technologies, conference calls, emails, e commerce, distance is not a hindrance to doing business.”

“Latin America has so much to offer to India and we need to move forward as early as possible raising trade volumes to the next higher level,” said Kapoor.

India hopes to raise trade with Latin America to US $ 40 billion in the next 10 years, from the current US $ 20 billion. A high power delegation of women entrepreneurs from Chile visited India to establish contacts in a unique Link and Learn experiment mooted by Kavita Kapoor, President, India Latin America Associates.

A 12 member delegation of women entrepreneurs from Chile coming under the umbrella of MUJERES DEL PACIFICO (women of the Pacific) attended a seminar and visited important locations of manufacturing.

“The concept is to learn and connect with India and understand the Indian models of enterprise. They interacted with various enterprises in India during their visit in March this year with a focus on lean innovation and to develop business relationships and network,” said CP Srivastava, Indian Coordinator of the India Latin America Associates.

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