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India-Latin America trade worth $50 bn: Jaishankar
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IANS | 25 Apr, 2023
External Affairs Minister S. Jaishankar, who is currently on a
four-nation tour of North and South America, said that the India-Latin
America trade estimated to be $50 billion has a much diversified basket.
"Significant increase in investments and interest in
mining, energy, agro and infrastructure sectors will power it further,"
he said while delivering a keynote address at the India-Latin America
Business Forum in Panama in Monday.
As the fifth largest economy,
India's presence across the world is steadily growing, he informed the
audience while adding that "transformation in manufacturing,
infrastructure, innovation and startup culture within India are game
changers".
Long awaited reforms in India has led to record Indian
exports, Jaishankar said, noting that Latin America is an attractive
market.
"Providing vaccines to 100 countries and medicines to 150
nations, India's proposition as 'Pharmacy of the World' is welcomed by
all," he noted.
India's robust digital backbone allows delivery
of public goods and tools for business and Indian products are a natural
fit for Latin American middle class, Jaishankar said.
Highlighting
India's expanding footprints across geographies, the Minister further
said: "Indian project execution has grown across geographies. 'Made in
India' and 'Delivered by India' are globally becoming realities. Indian
agriculture is making strides in yields,quality, technology. This has
external implications."
Indian talent and skills consider the
world as a workplace today, Jaishankar said, informing thatA initiatives
like Skill India, Startup India and New Education Policy are a part of
this mosaic.
As part of the visit, Jaishankar first visited Guyana, which was followed by Panama.
He is also scheduled to make stops in Colombia (April 25-27) and the Dominican Republic (April 27-29).
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹84.00
|
₹82.25 |
UK Pound
|
₹104.65
|
₹108.10 |
Euro
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₹92.50
|
₹89.35 |
| Japanese
Yen |
₹56.10 |
₹54.40 |
| As on 25 Jul, 2025 |
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| Daily Poll |
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| Who do you think will benefit more from the India - UK FTA in the long run?
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