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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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