Bogota: Foreign Minister S. Jaishankar said that 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 the Colombian 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.
Jaishankar said, ‘Our purpose in 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 a year. Our companies are investing in this sector on a large scale from energy to mining and from agriculture to vehicle sectors. 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 that ‘India has also seen unprecedented progress in the digital sector.
Today India has become a hub of innovation and startups. It is the land of 100 unicorns and their number is increasing day by day. If you are interested in cyber security, artificial intelligence, drones 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 External Affairs Minister.
Read the Latest India News Today on The Eastern Herald.
