Despite the present global economic crisis, the macro-economic situation in Latin American countries is stable and favorable for Indian investors to invest, say envoys of Brazil, Paraguay, Peru and Dominican Republic.
Speaking at an interactive session on business potential, investment and other strategic alliances between India and Latin American countries, Peru’s Ambassador to India, Javier Paulinich, said his country is keen on improving bilateral trade relations with India.
"There is a great scope for Indian investments in mining and manufacturing industry in Peru," Paulinich was reported as saying by The Hindu Business Line.
Meanwhile, Carlos Duarte, Ambassador of Brazil to India, urged the business community in India to invest in Brazil in pharmaceuticals, sugar and ethanol manufacturing.
For his part, Gennaro Papparlardo, Ambassador of Paraguay to India, said his country offers wonderful opportunities for Indian investors to improve the economic cooperation between the two countries.