Monday, November 20, 2006

Business Delegation from Peru

I spoke at the CII meeting with the Peruvian business delegation on 21 November 06 at their Hqrs. I mentioned the four typical and unique businessplus attractions Peru offers; to drink, to eat, to see and to read:
-Pisco sour is the famous Peruvian drink.
-Ceviche, raw fish marinated in lime is a healthy and delicious food
-Machu Pichu is a must- see tourist destination.
-Mario Vargas Llosa is the famous writer of Peru and my favourite Latin American author. I have read 15 of his books.
Bonus offers of Peru: pima cotton( extra long staple and fine one) and Alpaca wool( from llama found in high altitude).
Peruvian market is medium-size with 28 million people, 90 billion GDP, 17 billion exports and 12.5 billion imports in 2005. Inflation in 2005 at 1.8 % was the lowest in the whole of latin America. Growth over 6%. Politically Peru is becoming mature and pragmatic. Peru's importance increase with its membership of Andean Community and FTA with USA.
There is scope to significantly increase our exports of 122 million $( 2005). There is potential for investment and joint ventures in energy, mining and metallic industries. Reliance is scouting for energy. Ranbaxy, NIIT, APTECH and bajaj have presence there.
Bharti group ( Airtel) has exported over a million telefone instruments to Peru. Apparently, every second fone instrument in Peru is that of Bharti. Bravo Bharti !!!
This is the first ever visit of a business delegation. Credit for this goes to Kishore Gupta of Indo-peruvian chamber in Lima.
Mr Natarajan CEO of BEML, who presided over the meeting was upbeat about his company's bz with peru.
Victor Munoz acting Ambassador of Peru in Delhi is proactive and issues business visas readily for Indian bzmen.
Mr A. Ramesh, Ambassador-designate to peru and Bolivia ( reaching there in january) was also present in the meeting.

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