India woos LatAm with handicrafts and chemicals

Written by Huma Siddiqui | New Delhi | Updated: Sep 10 2009, 04:34am hrs
The Latin America market is attracting a lot of interest from the Indian manufacturers including jute, handicrafts, and chemicals.

Later this year a number of delegations will be making a beeline towards South American.

Talking to FE, R Vishwanathan, ambassador of India to Argentina, Uruguay, Paraguay said, To promote jute as an ecological product, a jute manufacturers delegation will be visiting Argentina later this year, this will be followed by a 21-member team from Chemixil on October 15.

Also, in November, festival of India is being celebrated where under the umbrella of Handicraft promotion Council 25 companies will set up an exhibition cum sale in November in the region. The aim is not only to create awareness about Indian handicrafts but also to promote India in the region, said the Indian envoy.

This will be followed by dance troupes from ICCR and artisans and chefs from the Department of tourism to converge on Buenos Aires from November 2-15.

According to Vishwanathan, there will be number of delegations from Argentina as well as other Latin American countries visiting India. India is currently ranked as the world's eleventh greatest energy producer & world's fifth greatest energy consumer.

A large delegation will be participating in the 'Vibrant Gujarat Global Investors' Summit 2009' where energy and power will be the major theme.

Importers of leather and leather goods from Latin America have also been invited to participate in the three day Delhi International Leather Fair (DILF), from October 23.

In summits organised by Nasscom on Animation and Gaming, from November 4-5, in Hyderabad and Information security summit, Delhi, from November 17, several companies will be participating from the region.

International fair that benefits both the Indian players in the agro-machinery sector as well as the global farm equipment manufacturers who intend to enter the Indian market is being organised by Ficci by the end of the year: EIMA Agrimach 2009, New Delhi.

Some companies including Olam, a NRI company has entered into agricultural production in Argentina and cultivates 17,000 hectares, with peanut as their main crop. The company has also acquired two peanut processing plants. Sterling Group has bought a 2000 hectares Olive farm, said the Indian envoy.

Also, the industry body Ficci is organising a India-LAC Business Summit from March 30-31, 2010, in an effort to bring Indian industry, investment promotion organisations, financial institutions and decision makers and their counterparts in Latin American countries together, said the envoy.

The event will focus on the following sectors: agriculture and food processing, pharma, biotech,

IT, chemicals and fertilisers, machinery, automotives and transportation, energy, mining, jems and jewellery, textiles, garments, leather goods, wood and wood products and tourism, he added.