With China on mind, India steps up Latin America diplomacy

[eachus]

Largest ever Cuban trade team in India, eyes Nano

Thanks for your link, I did not read through, spent 5 seconds on the artical found these.
------------------
India-Cuba trade that in the heydays of the 1980s was over $300 million has now dipped to $50 million.
"If we can bring it back to the 1980s' level, it will be a great achievement," Ramos said.
------------------

Let me tell you an reason, if China did not participate the trade game, India may have chance go back to its happy age in 1980s. US CIA factbook gave you a big picture.
https://www.cia.gov/library/publications/the-world-factbook/geos/cu.html


Exports - commodities:
Field info displayed for all countries in alpha order.
sugar, nickel, tobacco, fish, medical products, citrus, coffee

Exports - partners:
Field info displayed for all countries in alpha order.
China 25.5%, Canada 23.3%, Venezuela 10%, Spain 5.6% (2009)


Imports - commodities:
Field info displayed for all countries in alpha order.
petroleum, food, machinery and equipment, chemicals

Imports - partners:
Field info displayed for all countries in alpha order.
Venezuela 35.2%, China 11.7%, Spain 8.5%, Brazil 4.6%, Canada 4.2%, US 4.1% (2009)

Cuba needs to import oil a big quantity, other than that is Chinese products.
what it sell is sugar, nickel, tobacco, fish, medical products, citrus, coffee.
Does India want to buy them?

Spanish is not only language South africans speak.....they also speak little bit english also.

SA --- South American countries
Latin America = central America + SA.

very few of them may.
SA countries do not have large IT countries, the chance of corporation with India is not high.

 

[IndoCarib]

Thanks for your link, I did not read through, spent 5 seconds on the artical found these.
------------------
India-Cuba trade that in the heydays of the 1980s was over $300 million has now dipped to $50 million.
"If we can bring it back to the 1980s' level, it will be a great achievement," Ramos said.
------------------

Let me tell you an reason, if China did not participate the trade game, India may have chance go back to its happy age in 1980s. US CIA factbook gave you a big picture.
https://www.cia.gov/library/publications/the-world-factbook/geos/cu.html


Exports - commodities:
Field info displayed for all countries in alpha order.
sugar, nickel, tobacco, fish, medical products, citrus, coffee

Exports - partners:
Field info displayed for all countries in alpha order.
China 25.5%, Canada 23.3%, Venezuela 10%, Spain 5.6% (2009)


Imports - commodities:
Field info displayed for all countries in alpha order.
petroleum, food, machinery and equipment, chemicals

Imports - partners:
Field info displayed for all countries in alpha order.
Venezuela 35.2%, China 11.7%, Spain 8.5%, Brazil 4.6%, Canada 4.2%, US 4.1% (2009)



SA --- South American countries, Latin America.

very few of them may.
SA countries do not have large IT countries, the chance of corporation with India is not high.

Our aim is to replace china from the list of trade partner countries , just like we did here

UAE and India beat China to top trading position with Kenya

 

[Speeder 2]

Thanks for your link, I did not read through, spent 5 seconds on the artical found these.
------------------
India-Cuba trade that in the heydays of the 1980s was over $300 million has now dipped to $50 million.
"If we can bring it back to the 1980s' level, it will be a great achievement," Ramos said.
------------------

Let me tell you an reason, if China did not participate the trade game, India may have chance go back to its happy age in 1980s. US CIA factbook gave you a big picture.
https://www.cia.gov/library/publications/the-world-factbook/geos/cu.html


Exports - commodities:
Field info displayed for all countries in alpha order.
sugar, nickel, tobacco, fish, medical products, citrus, coffee

Exports - partners:
Field info displayed for all countries in alpha order.
China 25.5%, Canada 23.3%, Venezuela 10%, Spain 5.6% (2009)


Imports - commodities:
Field info displayed for all countries in alpha order.
petroleum, food, machinery and equipment, chemicals

Imports - partners:
Field info displayed for all countries in alpha order.
Venezuela 35.2%, China 11.7%, Spain 8.5%, Brazil 4.6%, Canada 4.2%, US 4.1% (2009)

Cuba needs to import oil a big quantity, other than that is Chinese products.


what it sell is sugar, nickel, tobacco, fish, medical products, citrus, coffee.
Does India want to buy them?





SA --- South American countries
Latin America = central America + SA.

very few of them may.
SA countries do not have large IT countries, the chance of corporation with India is not high.

Anyone can buy, as along as having some money.

The key here is what India can SELL?

As I raised earlier, barely anything, "the tale of 0" included.

 

[IndoCarib]

Anyone can buy, as along as having some money.

The key here is what India can SELL?

As I raised earlier, barely anything, "the tale of 0" included.

Main Commodities exported from India to Cuba: Electronic items, cotton yarn fabrics and made-ups, drugs, pharmaceuticals and fine chemicals, plastic and linoleum products, machinery and instruments, spices etc Main Commodities being exported to India from Cuba: Vaccines, medicines (like melagenina, interferon and streptokinase) nickel, and cigars.

India - Cuba Trade Relations | Embassy of India

India is seeking closer working relations in the areas of services, information technology and “general interests wherever these exist,” reported the Prensa Latina news agency.

India Seeks to Turn Havana into Its Regional Operations Center - Havana Times.org

 

[IndoCarib]

Caracas, Venezuela, July 11 (IBNS) Minister of State for Commerce and Industry Jyotiraditya M. Scindia has conveyed to Venezuelan leaders India‘s desire to deepen and diversify economic cooperation between the two countries. Leading an official and business delegation, Scindia met David Velasquez, Vice Minister for Foreign Affair, Venezuela.

The two leaders reviewed the bilateral relations and expressed satisfaction over the growth in bilateral trade which has grown 12 times during the last four years.

However, the Indian Minister emphasised the need to expand the trade basket as the current trade is dominated by petroleum imports from Venezuela.

Mentioning that Venezuelan President Hugo Chavez’s visit to India in the year 2005 has been successful in creating a strong bond between India and Venezuela, it is now time to translate cultural commonalities between the two countries into a strong economic bond.

Scindia identified healthcare, information technology, energy, mining, textiles and auto sector as having the maximum potential for increased cooperation.

In particular, he stressed that the Indian Pharma companies can help the Venezuelan Government in its health Mission plan by supplying required critical drugs at an affordable price.

He also requested the Venezuelan Minister to address the issues of the Indian companies operating in Venezuela in energy and IT sector to promote more investments by Indian companies.

Scindia also held bilateral level talks with Maria Eugenia Castellanos Sader, Minister for Health of the Bolivarian Republic of Venezuela and offered India’s assistance and cooperation in the healthcare sector.

While assuring the Venezuelan Minister of supply of quality drugs by Indian companies at affordable prices, he also offered Indian expertise in creating health infrastructure. Currently Venezuela imports medicines worth US$ one billion annually. However India’s share in this is less than seven percent.

He offered help to Venezuela in three specific fields in the pharma sector: supplying medicines for the social needs of people, creating infrastructure in health sector; and joint-research in the area of pharmaceuticals.

Scindia requested the Venezulan Minister to fast track the drug registration process to facilitate trade and investment by Indian pharma companies.

It was also felt that in the proposed draft agreement for cooperation in health sector between the two countries pending with the Venezuelan Government, could incorporate specific clauses covering sourcing of pharma products from Indian companies, addressing the issue of delayed payments and creation of health infrastructure in Venezuela by Indian companies.

Scindia mentioned that as suggested by President Chavez, we can have a bi-national fund for pharma and oil to inter-alia enable timely payments.

He also met Edmee Betancourt, Minister of Commerce, Venezuela and reviewed the overall bilateral trade relations.

The relationship is in true sense a complementary relationship as India’s energy deficit can be tackled by Venezuela, which in turn needs India’s help in manufacturing and engineering sectors, he said.

Scindia also stressed the need to expedite finalisation of the Double Taxation Avoidance Agreement (DTAA) between India and Venezuela.

For enhanced relationship in the energy sector, Scindia mentioned that Indian public sector oil companies want to enter into agreements on a spot basis.

ONGC Videsh has already invested $ 350 million and intends to invest additional $500 million in the San Cristobel oil field.

In addition, ONGC Videsh with an Indian consortium proposes to invest US$ 2.2 billion in the Carobobo project.

GAIL would like to explore opportunities in the natural gas value chain. BPCL is keen to explore opportunities to export base oil to Venezuela and its marketing. Engineers India Limited (EIL) would like to provide its design and engineering services in the hydrocarbon sector.

Scindia mentioned that President Chavez has suggested a clear blueprint for this partnership: building a refinery in Venezuela in joint venture with a Venezuelan majority stake; building shipping lines between India and Venezuela; and building a joint venture refinery in India with a Indian majority stake.

Based on this blueprint, the Indian Government has forwarded a proposal to Venezuela to participate in a refinery joint venture project in Odhisa with the Indian Oil Corporation.

Some of the other issues which were brought to the attention of the Minister were the nationalisation of oil rigs, foreign exchange regulation restriction and policy of state to decide the rent.

Delay in issue of business visa for Indian businessmen and restrictive foreign exchange regulations were also cited as impediments in the bilateral economic relation. The Venezulan Commerce Minister assured that the Venezuela will look into these issues.

The Venezuelan side was also requested to suggest date for convening the second meeting of the India – Venezuela Joint Commission Meeting.

Scindia also mentioned that a letter of intent was signed in the year 2005 between IRCON and IAFE (railway authority of Venezuela) to execute a railway project Punto Fijo-Yaracal in Falcon State of Venezuela. However this has been stalled due to lack of funds.

Suggesting that India has wealth of experience in this field, Shri Scindia suggested revival of the proposal.

Earlier, Scindia attended a meeting in the Hydrocorbon Association of Venezuela during which he expressed India’s desire in participating in Venezuela’s petroleum sector, exploration, production as well as refining.

During a bilateral meeting with the Vice Minister and Vice President of PDVSA Evlogio del Pino, Shri Scindia reiterated India’s desire to cooperate in the E&P, refining and marketing; creation of infrastructure in the hydrocarbon sector through the Indian public sector companies like GAIL, BPCL, OVL and EIL.

Regarding the delayed payment of dividends, he asserted that payment of dividend to OVL for the year 2009 should precede further investment of $500 million in the San Cristobal field.

India cos seek to diversify in Venezuela

 

[Srinivas]

It starts to look like a circus. I bet Hugo and Raul will look at Krishna with bewildered faces, thinking “que cojones que queres decir?”



what off topic?

you 're off the topic!

The question was: what Krishna has to offer to SA? The story of "0"?

My friend The recent moves of US engaging countries around India and India engaging countries around US is nothing but weaving a web to stangle China, Similarly Japan and Europe are doing this . To contain China at all fronts. You will see the results in the near future if this strategy works then it will be difficult for China to grow economically and to project its military power. The combined economic might of US,Japan and India is far grater than China and same applies to the military power. Add SCS countries to the list of the countries. You will get the scenario in which China is.

Don't try to troll with your CCP infested data like percapita income and economic might. India is just a decade behind China soon we will catch up.