Saturday, July 26, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Exports

Export: Potential of LAC partnership highlighted

Fiinews by Fiinews
March 21, 2025
in Exports
Reading Time: 2 mins read
A A
0
Ilacc Logo Big
0
SHARES
13
VIEWS
LinkedinShare on Twitter

0:00

Goyal wants double trade volumes in 5 years

Minister of Commerce & Industry Piyush Goyal has highlighted the significant untapped potential for economic and trade expansion under the India-Latin America & Caribbean (LAC) partnership https://www.commerce.gov.in/.

Addressing the 10th CII India-LAC Conclave on 19 Mar in New Delhi, he emphasized the growing importance of India’s economic engagement with the Latin American and Caribbean (LAC) region https://www.ilacc.com/the-chamber/.

“The India-LAC partnership is not just about business but also about cultural exchanges, shared traditions, and a collective commitment to preserving heritage,” Goyal pointed out, noting that the passion for festivals, sporting spirit, and rich histories of both regions provide a strong foundation for enhanced economic collaboration https://fieo.org/.

The Minister underscored that the conclave serves as an excellent platform for fostering enduring economic ties and deeper people-to-people connections between the two regions.

He also called for ambitious targets, aiming to double trade volumes in the next five years by focusing on sectors such as engineering, healthcare, renewable energy, critical minerals, tourism, agriculture, gems and jewelry, and digital services https://www.nseindia.com/.

Goyal outlined several key areas for deeper cooperation, including trade expansion through preferential trade agreements with MERCOSUR and bilateral agreements where necessary.

He emphasized the need for collaboration in renewable energy, highlighting the LAC region’s vast lithium reserves and proposing joint ventures in lithium processing, battery manufacturing, and electric mobility https://www.bseindia.com/.

He also pointed to India-Brazil cooperation in biofuels and the potential for ethanol-powered vehicles.

Agriculture and food security were also identified as crucial areas of partnership, with India and the LAC region complementing each other’s needs through investments in climate-resilient agriculture, post-harvest storage, cold chain logistics, and value-added food processing.

Additionally, Goyal stressed the importance of improving trade infrastructure through enhanced shipping routes, direct air connectivity, and digitalizing customs procedures to streamline market access.

He called for expanding sectoral engagement beyond traditional industries, urging collaboration in pharmaceuticals, artificial intelligence, digital public infrastructure, and high-end manufacturing.

Goyal acknowledged the global economic slowdown and supply chain disruptions but emphasized that India remains committed to strengthening economic ties with the LAC region.

He urged governments, businesses, and institutions to seize emerging opportunities and move beyond incremental progress toward transformative growth.

Goyal reaffirmed India’s commitment to fostering a dynamic and mutually beneficial partnership with the LAC region, built on trust, cooperation, and shared prosperity. Fiinews.com

Tags: Ministry of Commerce and Industry
ShareTweetShare

Related Posts

PIB
Exports

Export: CETA to double India-UK bilateral trade

by Fiinews
July 25, 2025
0
16

Zero-duty market access for Indian goods India and the UK have signed a Comprehensive Economic and Trade Agreement (CETA) in...

Aieclogo
Exports

Export: New BoL makes it easy for maritime sector

by Fiinews
July 23, 2025
0
14

Bill 2025 to strengthen India’s global trade standing The ‘Bills of Lading, 2025’ bill was passed by the Rajya Sabha...

Iiiem

Export: iiiEM Builds Exporters Worldwide

July 19, 2025
14
Ims

Export: Minister wants proactive trade intelligence

July 19, 2025
15
PIB

Export: Argentina-India deepening partnership

July 18, 2025
16
FIEO

Export: Govt urged to have sector-focused strategy

July 21, 2025
16
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Invest: 3 flagship funding schemes launched
  • Tech: Nadcab reports increase in blockchain adoption
  • Tender: Construction industry to grow 7.1% in 2025
  • Tech: WNS-Capgemini set to create AI force
  • Project: Wipro to modernize Saudi meter data platform

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.