External Affairs Minister S. Jaishankar sees Latin America as a major business hub for India

External Affairs Minister S Jaishankar stressed the importance of making Latin America a major business hub for India by having more engagements, contacts and meetings with stakeholders across the vast region.

Jaishankar is on a six-day official visit to Brazil, Paraguay and Argentina. This is his very first official visit to South America. India and Brazil are not just partners but can share best practices for mutual growth and progress, Jaishankar said while interacting with prominent businessmen here on Tuesday.

“Visit to the Federation of Industries of the State of Sao Paulo, the largest industrial association in Brazil. Presentations by WEG, @embraer and UNICA reaffirmed the important opportunities that exist for greater business cooperation,” he said. he tweeted. India and Brazil are not just partners but can share best practices for mutual growth and progress,” he wrote.

“Visit to Fiesp (Federation of Industries of the State of Sao Paulo), the largest industrial association in Latin America. Presentations by WEG, Embraer and UNICA reaffirmed the important opportunities that exist for greater business cooperation. Business is the ballast that provides smooth sailing for relationships,” he said in another tweet. “Last year, our collective trade with Latin America was just under $50 billion. I think if there is greater focus, more pressure, more commitments, more contacts, more meetings like this, I think it’s quite possible that we could make Latin America also for India a very big business center,” he told FIESP.

“Whether it is power transmission, IT, pharmaceuticals, agrochemicals, automotive, two-wheelers. Today we have good Indian companies present in Brazil. Our challenge on the Indian side is to grow, to deepen that footprint and to encourage other sectors and businesses to come,” he said. Jaishankar also had an interaction at LIDE, an association of entrepreneurs from Brazil.

“Useful interaction at LIDE…, the networking of established Brazilian entrepreneurs with a growing Indian presence in Brazil was visible,” he tweeted. On Monday, Jaishankar concluded his first-ever official visit to Paraguay and held talks with the country’s leaders and pledged to strengthen bilateral relations.

He inaugurated the Indian Embassy in the capital, Asuncion. The Indian Embassy in Asuncion was jointly inaugurated by Jaishankar and his Paraguayan counterpart Julio Cesar Arriola.

Shirlene J. Manley