Industry & Economy
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Economy
India, Chile launch joint business forum
Our Bureau
New Delhi
,
Jan. 21
INDIA and Chile have launched a joint business forum, which will work towards promoting trade and economic co-operation between the two countries.
The Chile-India Business Forum will identify specific industries and services that will offer viable and sustainable competitive advantages for joint ventures between the two countries.
A memorandum of understanding to the effect was signed by Mr Jorge Ortuzar Santa Maria, Corporative Manager, Sociedad De Fomento Fabril FG and Ms Indrani Kar, Senior Director, Confederation of Indian Industry (CII).
The forum will also identify new areas of co-operation between India and Chile, specially focused on building relationships in fields such as tourism, education, training and entrepreneurship development, according to a CII statement.
In his address, the Chilean Education Minister, Mr Sergio Bitar, said India and Chile could co-operate in research activities and mentioned that some Indian companies had already established linkages with their Chilean counterparts. He proposed greater co-operation in areas such as education, technology and business.
The minister also said Chile was an attractive springboard for companies looking to capture the Latin American market.
Mr Hernan Somerville, President of the Confederation of Production and Commerce, presenting an overview of the Chilean economy, pointed out to the advantages of investing in Chile.
Earlier, Mr R.V. Kanoria, Chairman, CII National Committee on International Trade and WTO and CMD Kanoria Chemicals and Industries Ltd, in his welcome remarks, identified the sectors for co-operation between the two countries — agriculture and agri-products, manufacturing and machinery, auto and auto components, drugs and pharmaceuticals, chemicals, mining, IT and financial services.
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