latinindustry

Industry body CII has launched an India Business Forum (IBF) for Latin America and the Caribbean (LAC) region, to promote Indian businesses and identify challenges and opportunities there. 

The CII IBF, a group of 25 Indian companies operating in the LAC region, also proposes to have regular dialogues with all stakeholders in the region and in India raise pertinent issues related to the industry.

Anita Praveen, Joint Secretary in the Ministry of Commerce and Industry, responsible for the LAC Region, officially launched the India Business Forum on September 28 in Sao Paulo, Brazil. 

India-LAC commercial ties have steadily increased from approximately USD 2 billion in 2001 to around USD 50 billion in 2015. 

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