Tuesday, June 19, 2007

Visit to Guatemala

Business opportunities for Indian cos in Guatemala is more than what i had imagined. This was what I discovered in my first ever visit to this country from 17 to 19 June. India´s exports in 2006 were an impressive 73 million dollars. This can be doubled in the next three years.

Here r the Indian companies already established in Guatemalan market.

-Intas, the Indian pharma company is well established under the dynamic Nilesh Ambre, a Latin American veteran and ex' Ranbaxy.
-Senthil Kumar from Chennai is here exporting pharma in collaboration with a local partner.
-Praj Industries of Pune has got contracts for new ethanol plants
-Himalaya Drugs has a local distributor
- Bajaj has a local distributor
- Maruti and Tata vehicles are seen in the roads

The Indian IT company 24/ 7 has a majority controlled jv BPO employing 1200 people speaking English and Spanish. The local partner Guilermo Montano is proud and has plans to expand operations in El Slavador and Panama.

Mr Guha is president of the Indo Guatemalan chamber of commerce. He has been here for the last 40 years.

Gutamelan authorities have invited Indian companies for a 5 billion dollar refinery project, Offshore oil exploration and biodiesel projects

India´s honorary consul Verena Rasch is doing a commendable job promoting India. Verena has been a valuable source of information and help to Indian delegations and bzmen. Alan Rasch, her son has imported sugar machinery, switch gear ( from L and T ) and other machineries.

The Guatemalan city is elegant and modern with a pleasant climate round the year. It is a gateway to the rest of Central America.

Guatemala is the largest exporter of cardamom in the world. It is the second largest exporter of sugar from Latin America. Also a large exporter of coffee and bananas.

The Guatemalan authorities have promised to liberalise business visas for Indians. They are going to open a embassy in Delhi soon.

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