is in oil, hydrocarbons, minerals and agriculture commodities but it is now moving into niche area like pharmaceutical and IT services.
While transportation costs and the lack of familiarity with each other's markets were previously cited as the big impediments, government is planning to improve connectivity to the region, and a direct flight is expected to be launched next year. Currently, while India has bilateral air services agreements with Brazil, Chile and Argentina, there are no direct flights between India and Latin America.
Connectivity is important for doing business with the region. While airlines are looking for code sharing with our national airlines, it is important that Air India should be flying there, Ravi said.
“Indian airlines (read Air India) can perhaps have direct connection to Panama, where we have large Indian community," he said .