Region:
BRICS
Category:
Politics
Article type:
Approaches

How to connect more India with Latin America

Region:
BRICS
Category:
Politics
Article type:
Approaches
Author/s:
By Dr. Christian W. Meniw
Publication date:
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I consider a priority to work here in the regions with monthly plans in different areas, in universities to put more attention in the Indian market

I remember the day of the Opening of the Indo Argentina Chamber of Commerce in the National Congress of Argentina on March last year and when hearing the speech of Ambassador Amarendra Kathua and Deputy and President of the Parliamentary Friends of Argentina and India Dr. Juan Carlos Diaz Roig giving their vision about what India represents for all, I determine with even more heart and soul to spread the perspective of the same vision in which I strongly agree, where not only I but everyone must pledge that there will be more trade and cultural relationship between Latin America and India. I am convinced faithful that this relationship is more than necessary if we think of a more prosperous future for both regions and I don’t feel that way because it is the time where India is on the crest of the wave in the world, where such country ranks as the one that will grow more not only this year but in the next 10 years with a growth rate of 8%, but because of the need for our region to bring for instance machinery to increase regional development and increase investment in technology which fluctuates annually around 4% against 40% invested in Asia. The future leads us closer to the Artificial Intelligence, the use of robots and machinery. If we want to increase added value in our continent, it is necessary that we make an alliance with India that is the country which, as I already mentioned, is growing more in the world, with whom we must create more joint ventures in areas of Tourism, Infrastructure, Pharmaceutical, Textile, Student, among others.

Currently, trade between India and the countries of Latin America and the Caribbean grew at an annual rate of 25% in the last decade, but the level of investment between the two sides remained at very low levels during the past 20 years. In the past 15 years, according to the International Monetary Fund (IMF), bilateral trade between India and Latin America and the Caribbean has grown more than twenty times: in 2013, reached $44.600 million dollars. Although this figure is much less than the $289.000 million dollars that China has traded with these countries in 2013, the rate at which India has increased its trade is similar to the Chinese commercial expansion in this region; the South Asian country simply started later and from a lower point because Chinese growth rates have been reduced, and the value of imports to Latin America has decreased correspondingly.

Although India is not yet a major trading partner such as China, the characteristics of its commitment to the region offer significant opportunities for your businesses and governments, as well as for Argentina. The two countries both China and India have a growing appetite for commodities and food products, where the major supplier is Latin America and the Caribbean. In fact, in 2010 when China abruptly suspended imports of soybean oil from Argentina, India tripled imports of Argentine soybean products in a total of $ 1.8 billion dollars. Likewise, Mexico and Colombia are important suppliers of raw materials of agricultural origin for that country.

I consider a priority to work here in the regions with monthly plans in different areas, in universities to put more attention in the Indian market, in enterprises and colleges to make yoga. With the recent creation of the Professorship India Market of Opportunities and personal growth, we have accomplished to create the only Economic and Latin America business synergy subject of India compulsory for students of the UCES Marketing Postgraduate University. I predict that we can include in other universities soon. Additionally, every time there is more training of Yoga in companies, schools and universities, since it is proven that by doing yoga level of anxiety, depression and violence can be reduced, among other things. We need countries more positive to build and create. Our mind is enhanced when we are mentally well. Moreover, at television field, it would be good that more programs with content can be shown not only what we know from India at the cultural level but commercial side in the audiovisual area, that those who have had the opportunity to film or work with India communicate and explain to their colleagues the know-how to generate synergies since in the case of Argentina, Brazil and Mexico those are leaders in the region in the audiovisual field thus could generate more bilateral cooperation and growth, at the same time it would increase the mutual tourism of India to Latin America through the programs. Finally, it is important to understand that social networks play a large role in conferring expansion of knowledge. In this regard, recently with a group of politicians from India it came to us the idea to create the public Facebook page: Indian Latin American Countries Association, where people joined can use this platform to introduce themselves, meet, interact between each other, post free saying what they want and can be done in trade, sell products & services, etc. It must be not only me; it must be that we all want a better future. The best way is to join forces, and how to connect with India is in our hands. The form is simple: connect, believe and dream!