Foreign Minister S Jaishankar said that the trade between India and Latin America is about to reach $50 billion and India wants to increase it further. He told that Indian companies are investing here on a large scale in sectors like energy, mining, agriculture and vehicles. Addressing the India-Colombia Business Forum in Colombia’s capital, Jaishankar said on Thursday that the purpose of the four-day visit to Latin American countries is to find ways to further enhance India’s cooperation with the region.
read this also
Jaishankar said, “Our purpose of coming here today is to underline India’s growing presence in Latin America. Trade between us is going to reach the level of 50 billion dollars per annum. Our companies are investing extensively in this sector ranging from energy to mining and from agriculture to vehicle sectors.
He said that as far as business is concerned, we definitely want to increase it but we have to decide when, where and how much to invest.
Talking about the areas in which India and Colombia can work together, Jaishankar said that India also has traditional methods of making medicine and health which can be used commercially.
The Foreign Minister told the Colombian investors, “India has also seen unprecedented progress in the digital sector. Today India has become the hub of innovation and startups. This is the land of 100 unicorns and their number is increasing continuously. If you are interested in cyber security, artificial intelligence, drone or space related work then it will be beneficial to contact Indian businessmen.
Jaishankar is on a nine-day visit to Guyana, Panama, Colombia and the Dominican Republic. This is his first visit to Latin American countries and the Caribbean region as Foreign Minister.
(This news has not been edited by NDTV team. It is published directly from syndicate feed.)