India and China agreed to raise the bilateral trade to 100 billion US dollars by 2015, step up investments and permit banks of other countries to open branches and representative offices.
COCHILCO, Chile’s copper commission, estimates that by the end of this decade, India’s demand for copper will rise from the current figure of 610,000 tons to between 2.4 million and 3.6 million tons annually.
Australia and India have both raised interest rates by a quarter percentage point amid fears of rising inflation. The central bank of Australia put up rates from 4.5% to 4.75%, surprising markets with the first rise since May.
Aegis, the outsourcing services arm of steel-to-shipping conglomerate Essar Group on Tuesday said it has signed an agreement to acquire Argentine business process outsourcing firm, Actionline.
Indian businessman Mukesh Ambani, ranked the world's fourth-richest man by Forbes magazine this year, is to soon move into what is believed to be the most expensive private home ever built.
Following closely on the steps of China but with lesser exposure India is increasing trade, investment and business links with Latin America, the latest of which a Bussiness seminar in Lima, Peru.
Indian Industry and Commerce Minister Jyotiraditya Scindia said that India and Mercosur are discussing the possibility to expand a current agreement on tariffs.
Four Indian warships are being dispatched for a two-month-long overseas deployment along the African coast this week, which will culminate in complex trilateral war games among Indian, Brazilian and South African navies.
The Indian ambassador to Argentina Rengaraj Viswanathan said his country, currently the fourth largest economy in the world, is looking to “deepen and expand” its accords with the Mercosur and highlighted that Indian businessmen “use Argentina as a platform” to access regional markets.
India could become a fast-growing market for Latin American and Caribbean commodities but governments in this region must foster closer ties with the 1.1 billion population giant and reduce trade costs to tap into that opportunity, according to a new study by the Inter-American Development Bank (IDB).