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).
India could become the main buyer of Argentine soybean oil according to Industry Minister Deborah Giorgi. The official made the announcement following a meeting on Monday with Indian in Buenos Aires Rengaraj Viswanathan.
Uruguay is pushing for a full Indian mission in its capital Montevideo, showcasing the country as the gateway to the region and to expand bilateral trade and economic relations, according to New Delhi reports.
Sugar fell in New York and London, reversing earlier advances, as an improved outlook for production in Brazil and normal rainfall in India outweighed concern that supplies will fall short.