Search Result for : Colombia

The Dollar Business Bureau Commerce Secretary, Rita Teaotia had led an official and a business delegation to Ecuador and Colombia from 16th to 19th May. The Commerce Secy’s visit to Ecuador could in many ways reveal India’s keenness to further its interests in the country. The Indian side had representatives from Pharma, IT, Auto, Mining & Construction, Bio Fuels, Agro-Chemicals, Iron & Steel and Textiles and representatives from FICCI accompanying the Secretary. Ecuador though a tiny country holds many promises through its natural resources. It has gold reserves of 2,25,000 tons, silver reserves of 12,500 tons and as per an OPEC official release, its total share of OPEC production in crude is 1.7% and as per Jan 2017 stats, has produced 536.00K barrels ...

The Dollar Business Bureau Rita Teaotia is leading a 25 member business delegation to Colombia and Ecuador from May 15-20, 2017 to explore trade and commerce opportunities. The purpose of her visit is to strengthen India’s trade relations with the Latam countries. In Ecuador, the Commerce Secy will be attending the first meeting of JETCO. The Indian delegation comprising of senior officials from leading Indian companies of pharma, IT, textiles, agro-chemicals, automobiles, telecom, railways and Ayurveda will also be a part of the G2B interaction at Guayaquil, Ecuador scheduled on May 17. The industry reps are likely to share  a summary of their deliberations on the seminar titled, ‘India-Ecuador Business Forum’ held on May 16 at the JETCO meeting. The business delegation accompanying ...

The Dollar Business Bureau The world’s largest two wheeler manufacturer Hero MotoCorp on Wednesday announced that it has begun operations at its new manufacturing plant in Colombia. With its first manufacturing plant outside of India, Hero MotoCorp aims to produce 80,000 units each year. The agenda is to increase production capacity to 150,000 units per year in the next phase. The plant will manufacture ten best-selling products of Hero motorcycles and scooters. "It is a historic milestone for Hero MotoCorp as this facility in Colombia is our first plant outside of India. This facility will be a key resource for us as we plan to further consolidate our market position with a range of products across segments,” said Pawan Munjal, Chairman ...

 The Dollar Business Bureau India will diversify its crude oil imports from Mexico as part of its efforts to strengthen energy cooperation with Latin American countries. Petroleum minister Dharmendra Pradhan who led a business delegation to Mexico on May 18-19, said that India is trying to diversify its import sources of energy and more than 20% of crude import of India is presently sourced from Latin America. “Mexico figures high on the priority of India to enhance bilateral energy ties,” the minister said after his meeting with Pedro Joaquín Caldwell, Minister of Energy, Mexico. Pradhan also met Minister of Economy Ildefonso Guajardo Villareal and CEO of national oil company of Mexico PEMEX Emilio Lozoya Austin. During these meetings Pradhan stressed ...