LATIN AMERICA THE CARIBBEAN Newsletter

LATIN AMERICA & THE CARIBBEAN Newsletter August 2007 The Newsletter, Volume 01 , July 2008 TABLE OF CONTENTS Section Newsbites Country Focus Recent India – Latin America & Caribbean Events Business Opportunities in Latin America & The Caribbean Upcoming LAC Events in India Upcoming Events in LAC Page No. 02 03 04 - 06 07 - 10 11 12 - 15 1 Newsbites Business Update India´s exports to Argentina and Brazil during Jan-April 2008 increase significantly. The increase was 44 % to Argentina and 52 % to Brazil. Reliance enters Peru for oil exploration. Reliance Industries has recently signed an agreement with the Peruvian company, Pan Andean Resources, for the joint oil exploration. Mittal buys Costa Rican steel companies. In Feb 2008 ArcelorMittal took control of two Costa Rican steelmakers by buying the half of the companies it did not already own. United Phosphorus, acquires a Colombian agrochemical company. UPL is largest Indian agrochemical player and among the top three generic players in this industry globally. In Feb 2008 they purchased 100% stake of the Colombian company. Peru’s GDP grows at a phenomenal 13.25 %in April 2008! With a recorded growth rate of just5.5 % during the previous month this surge in GDP was the biggest since April 1997! A new Argentina- India Chamber of Commerce and Industry is launched! This was launched on 9 June 2008 during the visit of a CII delegation to Buenos Aires. The executive committee of this consists of Indian companies, which have invested in Argentina, and the Argentinean companies which export over 50 million dollars a year. For more information contact: camara-arg-ind@yahoogroups.com Argentina opens a Consulate in Mumbai. Mr. Fernando Ras is the new Consul General. He was Director General of Export Promotion in the Foreign Ministry for the last three years and had visited India with an Argentine business delegation in July 2006. His Email ID is flrf@yahoo.com. Mexico starts giving five-year multiple entry business visas! The embassy of Mexico, which was earlier giving 3-year visas, has now been authorized to give five-year visas. As of a report in Feb 2008 Peru has become the second largest producer of copper and zinc worldwide! 2 Country Focus MEXICO Mexico, a free market economy with a GDP (ppp) (2007 est.) of USD 1.35 trillion and a real growth rate (2007) of 3.3%, is India’s second largest trading partner. The second largest economy in terms of GDP and population in Latin America, Mexico accounts for almost 40% of the total trade of the region. TRADE DATA Indian exports to Mexico during the period April 2006 – March 2007 were USD 535.36mn, representing a 20.83% increase over the year 2005 - 2006 (USD 443.07mn). The principal exports to Mexico in 2007 (in descending order of value) were: Vehicles, Organic chemicals, Precious stones & metals, Electrical machinery, Woven apparel, Pharmaceutical products, Iron & steel products and Dyes. Indian imports from Mexico during the period April 2006 – March 2007 were USD 789.77mn, representing a 709.08% increase over the year 2005 - 2006 (USD 97.61mn). The principal imports from Mexico in 2007 (in descending order of value) were: Crude oil, Iron & steel, Electrical machinery, Iron & steel products, Organic chemicals, Photographic items and plastics. INVESTMENT DATA Mexico has received the largest investment from India. The total investment is 3 billion USD. Furthermore, a Bilateral Investment Promotion and Protection Agreement was signed between the two countries on 21 May 2007. Indian presence in Mexico: Mittal group, Tata Consultancy Services (TCS), Infosys, WIPRO, Vijai Electricals, Sasken communication Technologies Ltd, Dr Reddys, Hexaware Technologies and Aditya Birla Group. Mexican presence in India: • HOMEX House No. 41 New Friends Colony- New Delhi110065 Contact: Mr. Licinio Moreira, International Director Tel: 91 11 4654 67 28 Email: lmoreira@homex.com.mx • GENOMMA LAB B-405, Kemps Plaza, Mind Space, Off Link Road, Malad (W), Mumbai 400064 Contact: Mr. Ashish Kejdiwal, COO, Indian Operations Tel: 91 22 40039565/66 Fax: 91 22 40039 564 Email: info@genommalabindia.com • OMNILIFE INDIA PVT. LTD. Universal Trade Tower, Ground Second Floor, Sector-49, Sohna Road, Gurgaon 122101, Haryana Contact: Mr. Amit Singhal, Managing Director &CEO, Indian -sub-continent Tel: 91 124 4696087 Email: omnilifeindia.customerservice@gmail.com 3 Recent India – Latin America & Caribbean Events (April 2008 – July 2008) CII Delegation accompanies H.E. Mrs Pratibha Devisingh Patil, President of India on her visit to Brazil, Mexico and Chile. 13th – 22nd April 2008 In a first for a President of India, Pratibha Patil travelled with a business delegation recently covering 3 countries and 7 cities in South America (Sao Paulo, Rio de Janeiro and Brasilia in Brazil; Cancun, Mexico City and Guadalajara in Mexico and Santiago in Chile). Landing in Sao Paulo on 13 April, she chaired a business meeting between the Confederation of Indian Industry (CII) and the Federation of Industries of Sao Paulo (FIESP). Addressing a meeting packed with industry representatives from Sao Paulo and her business delegation, the President delivered her first ever address to industry representatives. Patil said that the meeting between FIESP and CII was a unique gathering of businesspersons representing two fast-growing economies. She added that bilateral trade between India and Brazil had trebled over the past 3 years to reach USD 3.12 billion. Delegation members in this 10 day visit included senior industry people from the following sectors: Auto industry, Tourism & Hospitality, Infrastructure, Mining, Oil & Gas, IT, Pharmaceuticals, Agri business; Bio Fuels, Chemicals & Fertilizers and Social Entrepreneurs. Mr. Madhur Bajaj, Chairman, CII – LAC Committee and Vice Chairman, Bajaj Auto, led the delegation in this 10-day visit. KEY RECOMMENDATIONS made are highlighted below: For the Governments: • • • High-level dignitary visits like that of the Prime Minister, President of India, Ministers etc. should include business delegations as an integral part of their entourage, wherever possible and appropriate. Increase the lines of credit to LAC Countries. Publicise the FOCUS LAC programme of the Government of India through the Indian Embassies in LAC Countries. For the Industry: • • • • • CII and its partners should update sector specific data for each other’s use Include wide use of video conferencing to discuss business and ease any issues concerning trade and investments. This should take place on regular intervals between CII members and its counterparts. CII and its partners should share their calendar of events for the year so that the industry members can participate in sector specific fairs, to the benefit of trade and investments. CII and its partners in Brazil, Mexico and Chile should make special efforts to include SMEs and Social Entrepreneurs wherever possible or appropriate. The business delegates must give reports that carry their success stories via appropriate media. For CII’s Partners across Latin America: • • You have two points of contact in India for all business purposes- the Government of India and CII’s Latin America and Caribbean Desk. FOCUS LAC programme of the Government of India encourages bilateral trade and benefits foreign importers of Indian products. Take advantage to participate in more networking events and build partnerships. 4 Recent India – Latin America & Caribbean Events India–Colombia: Opportunities for Trade and Investment 28th April 2008 On 28th April 2008 CII organized an Interaction with H E Mr. Luis Guillermo Plata, Minister of Trade, Industry and Tourism, Colombia to discuss opportunities for Trade and Investment. India-Cuba: Opportunities for Trade and Investment 20th May 2008 On 20th May 2008 CII organized an Interaction with Mr. Eduardo Escandell Amador, Deputy Minister, Ministry of Foreign Trade, Cuba and a Cuban Trade Delegation. This was the biggest trade delegation from Cuba in recent years. India and SICA - Poised for greater trade and bi-lateral cooperation 11th June 2008 The Confederation of Indian Industry (CII) organized an interaction in New Delhi of the Indian business fraternity with the visiting Foreign Affairs Ministers of the SICA (Central American Integration System) countries. The meeting saw participation from seven of the eight SICA countries' Foreign Ministers and was organized to encourage better trade and bi-lateral relationships between the countries. India-Brazil poised for greater cooperation in Pharma & Healthcare 28 July 2008 On the 28th July CII organized a seminar in New Delhi ‘India – Brazil: A Healthy Partnership’ with the Brazilian Minister of Health, Mr José Gomes Temporão and his accompanying business and governmental delegation. Through the seminar, synergies between the two countries in fields of biotechnology, pharmaceuticals and healthcare were envisioned. First Meeting of the CII- LAC Committee 2008-2009 28th July 2008 The 1st CII-LAC Committee meeting was held at Hotel Taj Mansingh, New Delhi. The following were the key outcomes from the meeting: • • Focus on 5 major areas: Trade Facilitation, Energy and Infrastructure including Mining, Pharma and Healthcare, IT and ITES and Mining. Form task forces in these areas. Committee members should look at the calendar of events and the work plan for the year and accordingly block their diaries for major events in the LAC work plan. 5 Recent India – Latin America & Caribbean Events • • Members were should bring to the notice of the Committee Chairman and CII Secretariat, any issues that they may be facing in doing business with the LAC region. The bigger business houses, looking at diversification, should look at shipping as an option. This will help in resolving freight issues to an extent. Project on organizing conferences on Energy cooperation between India and Latin America and Caribbean: Action points for the Secretariat towards the project: • • • • • Form the Task Forces and start working on sectoral business promotion Set up a Matchmaking facilitation exchange as a web based service Toll Free number for this facilitation centre Website on India-LAC to be continuously updated Video Conferencing between Committee members and partners in LAC to keep abreast of busines Trinidad & Tobago Trade & Investment Mission The High Commission of Trinidad and Tobago organized a Trade and Investment Mission to Trinidad and Tobago from India during 2 to 7 June 2008. The Mission was led by His Excellency Pundit Maniedeo Persad, High Commissioner of Trinidad and Tobago and included delegates from India, Bangladesh and Singapore. The delegates had meetings with government officials, chambers of commerce and private sector representatives in both islands to explore opportunities for business and investment in Trinidad and Tobago. Significant outcomes of the Mission included: 1. An MOU was signed between the Tobago House of Assembly and an Indian IT company for developing an IT project. 2. IT education exchange program promoted by an Indian company in association with Ministry of Education, Trinidad and Tobago. 3. Manufacturing projects in downstream energy sector and other such projects are now in the discussion stage. For further details on these events please visit the media room section of the CII website: www.cii.in 6 Business Opportunities in Latin America & The Caribbean A look at business opportunities in the Latin America & Caribbean region, sector wise REAL ESTATE & AGRI-BUSINESS South America Land available for farming, forestry and ranches in South America South America has abundant fertile land and there is no restriction on foreign investment. Indian vegetable oil producers are already exploring the possibility of buying over 20,000 hectares of Soya farms in Argentina, Uruguay or Paraguay. Contact Details: Martin Pablo Leon O´Farrell Southern Land Co., Ireland Inc. Tel # 02945-15695304 Intl # 0054-92945-695304 Website: www.southern-land.com COSMETICS & CLEANING PRODUCTS Brazil Talita Santos - Cosmetics & Cleaning products in Brazil. Contact Details: Tel / voice # 0054-92945-695304 or # 0054-92944-560156 Inside Arg # 02945-15695304 OR # 02944-1556-0156 / Telefax # 02944-43-5995 / 42-7855 Intl dial # 0054-2944-43-5995 or 0054-2944-42-7855 Website: www.rosatex.com.br Interest: Exporting to Cuba, Dubai and Panama with requirements of USD 80 million for expanding and exporting into new markets like INDIA. Trinidad & Tobago Mr. Keemoy Peters Telephone No: (868) 662- 0073 Mobile Number: (868) 771- 7705 or (868) 714- 2201 E- Mail address: keemoy_chai@yahoo.com Mailing address: 43 N.U.G.F.W. Cir. Rd , Realspring, Valsayn, Republic of Trinidad , West Indies Interest:: Keen to trade with a soap manufacturing company from India for Trinidad and Tobago ENGINEERING PRODUCTS Panama 7 Business Opportunities in Latin America & The Caribbean Importadora Koby Mrs. María Isabel Herrera Tel: 507 447-2416 mariaisa@gmail.com Products of Interest:: Electrical hardware, plugs, connectors, switches PHARMACEUTICALS Cuba CIMAB S.A. Exporting Interest Address: Calle 26 entre 19 y 21 No. 1926, Rpto. Atabey, municipio Playa, ciudad de La Habana, Cuba Telephone: (53 7) 271-6275 Fax: (53 7) 273-3509 E-mail: cimab@cim.sld.cu HEBER BIOTEC S.A. Exporting Interest Address: Calle 186 esq. Ave. 31, municipio Playa, ciudad de La Habana, Cuba Telephone: (53 7) 271-8039 Fax: (53 7) 271-8070 E-mail: mayda.mauri@heber-biotec.com Offering: Placenta products like Dermic bioactivating soap, Dermotrophic cream, Piloactive shampoo, Dermic bioactivating gel, Piloactive lotion. • Thereputic medicines like muscle relaxant, Anti inflammatory, anti arthritic, anti allergic, Antiretroviral agents and sedatives. • Veterinary Vaccines • Antibiotics • Recombinant Streptokinasa, Heberkinasa • Interferons • Human transfer factor, Hebertrans • Stimulating factor of Granulocite Colonies, Hebervital • Vitrofural NTERPRISE: CENSA VACUNAS FINLAY S.A. Exporting Interest Address: Calle 212 Nro. 3112 e/ 31 y 37, La Coronela, Municipio La Lisa, Ciudad de La Habana, Cuba Tlephone: (537)273-1218 Fax: (537)273-1218 E-mail: fdominguez@finlay.edu.cu Product of Interest: Vacinnes • 8 Business Opportunities in Latin America & The Caribbean : EMPROMAVE EXPROMAVEE Address: San Rafael No. 1202 esq. Mazón, municipio Plaza de la Revolución, ciudad de La Habana, Cuba Teléfono: (53 7) 879-6413; 879-2451 Fax: (53 7) 873-3942 E-mail: empromave@rimed.cu Offering: Nutritional supplement (PV-2 tablets). Tablets of 200 mg made up of extracts of Morinda Royoc root, submitted to special techniques (energizers) and accompanied by the adequate excipients. FARMACUBAISE: FARMACUBA Roberto Dominguez Director of Imports Address: Ave. Calle 70 No. 29B14 e/e 29B y 29C. Playa. Ciudad de la Habana Telephone: (53 7) 204-8269, 204 7256, 204 0954 Fax: (53 7) 876-6322 Email: iglesias@farmacuba.cu Interest: This Company’s objective is to import raw materials, medications of human use, teams and spare parts for the Chemistry and Pharmaceutical Industries. The company also imports all kind of medicines for pharmacies in the national chain. The company also has exporting interests. MEDICUBA Mr. Roberto Mecias Cubilla General Manager Phone: (537) 867 1427; 867 1430 Email: dirgeneral@medicuba.sld.cu direccion@medicuba.sld.cu Address: Maximo Gomez no. 1, Esquina Egido, Ciudad Habana, Cuba Company Description: Belongs to the Ministry of Public Health (MINSAP). It is a company of vast experience in the import of medications of human use, specifically of those products that don't get manufactured nationally and that are introduced annually in the international market as novel pharmaceuticals. Panama Mr. José Jimenez Tel: 507 399-9986 Fax: 507 399-9981 elbarbaro.10@hotmail.com Products of Interest:: Medicines / Pharmaceutical products Dr. Domingo Moreno Telefax: 507 227-0198 consultoriosmoreno@cwpanama.net Product of Interest:: Pharmaceutical products 9 Business Opportunities in Latin America & The Caribbean CHEMICALS Trinidad & Tobago PCCL Construction Ltd Mr. Gavin Seemvneal Tel: 868-678-7660 Website: pccl@tstt.net.tt Interest: Keen on a Joint Venture with a Chemical Industry regarding Aluminium Sulphate and Sulphuric Acid production. 10 Upcoming LAC events in India 3rd IBSA Business Summit Date: 13th – 15th October 2008 Venue: New Delhi REGISTRATION OPEN! For further details please contact Ms Paridhi Gokhale Tel: 011-24629994 Ext 476 Email: paridhi.gokhale@ciionline.org 11 Upcoming Events in Latin America and The Caribbean ARGENTINA CII Conclave in Argentina Venue: Buenos Aires, Argentina For further details please contact Ms Paridhi Gokhale Tel: 011-24629994 Ext 476 Email: paridhi.gokhale@ciionline.org BRAZIL CII Delegation to Brazil. Seminar on “Doing Business with India” Date: 10-13 September Venue: Manaus, Brazil For further details please contact Ms Paridhi Gokhale Tel: 011-24629994 Ext 476 Email: paridhi.gokhale@ciionline.org AGROCANA – 6th Trade Fair on Sugar Cane Farming Business and Technology Date: 9/2/2008 to 9/5/2008 Venue: Centro de Eventos Zanini, Sertãozinho - São Paulo Fair Description: Exclusively a sugarcane farming event, it is the industry’s foremost showcase, drawing producers and professionals from Brazil and abroad, who are involved in the agricultural side of sugar mills and have come to see what’s on the cutting edge for improving sugarcane production. Promoter Information: Name: Multiplus Produções e Empreendimentos Ltda. Tel: 16 2132-8936 Fax: 16 2132-8936 Email: multiplus@multipluseventos.com.br Website: www.multiplus.com.br SALÃO DO AUTOMÓVEL - 25th International Automobile Trade Show Date: 10/16/2008 to 10/26/2008 Venue: Anhembi, São Paulo Fair Description: The Automobile Trade Show is, without a doubt, the leading and biggest automobile show in Latin America and is the centre stage for Brazilian and foreign assemblers and companies of the automotive industry to show the latest novelties of the sector. Promoter Information: Name: Alcântara Machado Feiras de Negócios Tel:11 3291-9111 Fax: 11 3291-9110 Email: marcelodss@alcantara.com.br Website: www.alcantara.com.br 12 Upcoming Events in Latin America and The Caribbean AUTOPARTS - 4th Auto Services, Equipments and Spare Parts Fair Date: 10/8/2008 to 10/11/2008 Venue: Centro de Exposições FIERGS, Porto Alegre - Rio Grande do Sul Fair Description: This is one of the largest Brazilian auto shows in the state of Rio Grande do Sul, currently representing one of the leading auto spare parts market. Over 17 thousand professionals and entrepreneurs operating in the spare parts and auto shop sector, especially from Southern Brazil, attend the show. Promoter Information: Name: Diretriz Feiras e Eventos Ltda. Tel: 41 3075.1100 Fax: 41 3075.1123 Email: diretriz@diretriz.com.br Website: www.dietriz.com.br AVISULAT2008 - SOUTHERN BRAZILIAN CONGRESS OF AVICULTURE, PIG BREEDING AND DAIRY PRODUCTS - FAIR OF EQUIPMENT, SERVICES AND TECHNOLOGY Date: 11/19/2008 to11/21/2008 Venue: CENTRO DE EXPOSIÇÕES FUNDAPARQUE, BENTO GONÇALVES - Rio Grande do Sul Fair Description: The AVISULAT 2008 – will have technical lectures related to the 3 sectors (Aviculture, Dairy Products and Pig Breeding), and equipment services and technologies. There would be participation of agroindustry representatives, technicians and entrepreneurs from these sectors. Promoter Information: Name: ASSOC. GAUCHA DE AVICULTURA Date: 51 3228 88 44, Fax: 51 3228 88 44 Email: coordenacao@avisulat.com.br Website: www.avisulat.com.br Rio Oil & Gas Expo and Conference 2008 Date: 9/15/2008 to 9/18/2008 Venue: Riocentre, Rio de Janeiro - Rio de Janeiro Fair Description: The leading oil and gas show in Latin America, Rio Oil & Gas Expo and Conference, takes place at Riocentro Convention Center in Rio de Janeiro every two years. Promoter Information: Name: IBP - Instituto Brasileiro de Petróleo e Gás Tel: 21 2112-9000 Fax: 21 2220-1596 Email: tcampos@ibp.org.br Website: www.ibp.org.br XIX National Handcraft Fair Date: 11/25/2008 to 11/30/2008 Venue: Expominas - Av. Amazonas 6030, Belo Horizonte - Minas Gerais Fair Description: Created 18 years ago to help the development of the handicraft market and promote an exchange of the different regional cultures. Promoter Information: Name: Instituto Centro CAPE Tel: 31 3282-8280 Fax: 31 3282-8284 13 Upcoming Events in Latin America and The Caribbean Email: ccape@centrocape.org.br Website: www.centrocape.org.br CHILE Intervitis Interfructa Sudámerica Description: Wine and Fruit Equipment and Technology Exhibit Date: 04 - 06 September Website: www.fimaule.cl FIEP 2008 Description: International Postgraduate Studies Fair Date: 23 - 24 October 2008 Venue: Centro de Extensión - Universidad Católica de Chile Website: www.fiep.cl *ALIMENTA ’08 - 5th Exhibition of Food products, services and Technologies Date: 23rd to 25th October 2008 Venue: Centro Civico Vitacura Exhibition area: 2000 square meters Number of Exhibitors: 150 Exhibits: Dairy products, seafood, sweets and confectionery, Bakery, fruits & vegetables, meats & sausages, Equipments, products and services for the food industry. Website: www.expotrade.cl *EXPONAVAL 2008 - 6TH International Maritime Exhibition and Conference for Latin America Date: 2nd to 5th December 2008 Venue: Vina del Mar Participating countries: 25 Exhibits: Technology, equipments and services for Maritime activities. Exhibitors: Designers, manufacturers, suppliers, port Authorities, sea transport and naval defence systems. Website: www.exponaval.cl *EXPO ONE - 1st Innovation and Entertainment Industry Fair Date: 4th to 7th December 2008 Venue: Mapocho Cultural Centre Exhibition area: 2000 square meters Exhibit areas: Digital, Real Estate & Home, Safety, Holidays, Children, Soccer, Health & Beauty and Cars. Website: www.expotrade.cl *For further information on these please contact: Embassy of India, Chile Tel: 00-56-2-2352005 Fax: 00 56-2-2359607 Email: chancery2cmbajadadelaindia.tie.cl 14 Upcoming Events in Latin America and The Caribbean CUBA The 26th Havana International Fair Date: November 3-8, 2008 Venue: EXPOCUBA Fairgrounds Topics: Consumer Goods, Machinery, Equipment, Technology, Raw Materials and Services Some services offered to Exhibitors: Design, construction & decoration, Customs Dispatch, local transport and handling of exhibits, Telephone and mobile service, Post Office, Hotel accommodation. For further details on Placing an ad, Registration, Rental, Accommodation etc please contact: CUBAN EMBASSY IN INDIA W-124 A, GREATER KAILASH-1, NEW DELHI TEL NO. 2924 2467 / 468 / 470, FAX NO. 011-2923 2469 EMAIL: embcuind@del6.vsnl.net.in EL SALVADOR XXIII FERIA INTERNACIONAL DE EL SALVADOR ( XXXIII International Fair of El Salvador) Date: 24th to 30th November 2008 Venue: San Salvador, El Salvador, Central America Contact Details: pargueta@rree.gob.sv Description: This fair invites countries from all over the world to put their products or services on display. Companies and business entrepreneurs form El Salvador canalize their interests through such events, which open up doors for the building of bilateral trade relations. GUYANA 10th Caribbean Festival of the Arts (CARIFESTA X) Date: August 22nd to August 31st 2008 Venue: Providence National Stadium and elsewhere Fair Description: This is a ten-day exposition of art in all its forms - music, dance, drama, sculpture, painting, literature, craft, photography and folk art - from Caribbean, Latin American, Austria, Morocco and Indonesia. Its varied programme will include exhibitions, displays, demonstrations, concerts, recitals, discussions, pageantry, plays, an amusement park, a youth village and village festivals. Contact Details: Mr. Lennox Canterbury Mashramani Co-ordinator Ministry of Culture Youth and Sports Tel: 592-226-4764 Email mashsecretariat@gmail.com Website: www.carifesta.net TRINIDAD & TOBAGO CII delegation to Trinidad & Tobago; Doing Business with India For further details please contact Ms Paridhi Gokhale Tel: 011-24629994 Ext 476 Email: paridhi.gokhale@ciionline.org 15 For Further Information please contact: Ms Paridhi Gokhale LAC Desk – International Division Confederation of Indian Industry Tel: (011) 24629994 Ext 476 Fax: (011) 24626149 / 24601298 Email: paridhi.gokhale@ciionline.org Website: www.cii.in 16