Indo-Peru cooperation can boost trade: Jyotiraditya Scindia
Peru: Minister of State for Commerce and Industry Jyotiraditya Scindia has stated that Indo-Peru mutual cooperation can boost bilateral trade.
?India and the Latin American countries have steadily gravitated towards each other since the turn of the century, evidenced by the rising bilateral trade and investment flows,? he said while inaugurating the India- Peru Seminar and Business Meet in Peru.
He is presently leading a business delegation to Peru to participate in a series of India-Latin America Conclave and Business meets.
During the visit, Scindia met the Peruvian Minister for Commerce and Tourism Martin Perez and discussed issues of mutual interest including measures to be adopted to increase bilateral trade and investment.
Scindia and Perez together called for enhancement of India-Peru economic engagement through a higher level of investment, capacity building and trade.
The Minister observed that India can benefit from exporting manufactured goods to Peru and that India was also keen to invest in Peru as well as develop joint ventures for common projects.
Given the synergies flowing out of complementarities in the growing economies of Peru and India, there is considerable scope for improving upon trade and investment between the countries with entrepreneurial communities like the CII of India and the Lima Chamber of Commerce of Peru taking a lead role.
The delegation that accompanied Scindia covered a variety of sectors including food, automobiles and transportation, irrigation pumps, law firms, infrastructure development, power and electricity, etc.
