Saturday, December 03, 2011

¨The New India and the New Latin America – Synergies and Complementarities¨ Seminar on 5 December 2011

India is the fastest growing democratic free market set to be the world´s third largest economy in the next three decades. Latin America too has undergone a paradigm shift and 2011 is said to be the dawn of the ¨Latin American Decade¨. The two sides, in their latest reincarnations as The New India and The New Latin America, have synergies and complementarities for growth and prosperity.
¨India : Latin America´s next big thing ?¨ was the title of the study published by the Inter American Development Bank (IADB) in 2010. India represents more than just investment and trade for Latin America The growth story of India within a pluralistic democracy amidst a vast diversity resonates among Latin American democracies. India adds value to Latin America by its spiritual and cultural richness and the Indians and Latin Americans bond with each other easily.

Bilateral trade in 2010 was 23 billion US dollars. India has invested 12 billion US dollars in the region in sectors such as IT sector, pharmaceuticals, agro-chemicals, energy, mining, steel and manufacturing employing 35,000 Latin Americans.

What is the scenario of India and Latin America in the coming decades? What are the new complementarities and synergies? How can they be leveraged for mutual growth? What are the challenges? What should be the strategies? What could they learn from each other from their successes, failures and best practices? What makes Indians and Latin Americans bond with each other? These will be discussed and analysed by economists, policy makers, businessmen and intellectuals in the proposed seminar, which is the first event of its kind to look at all aspects comprehensively.


1400 hrs. Arrival of guests

1430 hrs. Ambassador Viswanathan ¨Adding passion to the Synergies and Complementarities¨

1450 hrs. Osvaldo Rosales, Director of International Trade and Integration, ECLAC ¨Latin American economies - an overview¨

1510 hrs. Jai Shroff, CEO, United Phosphorus Limited (UPL) ¨The new mindset of Indian entrepreneurs¨

1530 hrs. Ambassador Horacio Salvador, Director General, Ministry of External Affairs of Argentina

1540 hrs. Samuel Pinheiro Guimaraes, Secretary General, Mercosur, Montevideo

¨India-Mercosur Partnership¨

1600 hrs. Marisol Argueta de Barillas, Senior Director – Head of Latin America, World Economic Forum ¨Latin America - the decade ahead¨

1620 – 1630 hrs. Coffee break

1630 -1800 hrs. Session on India- Latin America business

Moderator: Dr. Sergio Lais-Suarez, Honorary Consul of India, Cordoba


1. Gustavo Grobocopatel, President, Los Grobo Group,


2. Kapil Gulati, Director for Americas, Havells Sylvania, San Jose, Costa Rica

3. G.V. Mani, Senior Director, CRISIL, Mumbai

4. Gabriel Rozman, Executive Vice-President, TCS , Mumbai

5. Satya Muley, CEO, Pidilite Brasil, Sao Paulo

6. Ramakrishna Karuturi, founder &Managing Director, Karuturi Global, Bangalore

7 Arvind Sharma, Director Jindal Steel, Santa Cruz, Bolivia

1800 – 1810 hrs. Coffee break

1810 - 1920 hrs. Session on the markets and mindsets of the New India and New Latin America

Moderator : Dr. Jorge Heine, Distinguished Fellow, Centre for International Governance Innovation, Waterloo, Ontario


1. Oliver Stuenkel Assistant Professor, Fundaçao Getulio Vargas (FGV), Sao Paulo

2. Mr. Siddharth Varadarajan, Editor, ´The Hindu´ newspaper of India, Chennai

3. Raul Rivera, President, ForoInnovacion, Santiago

1920 hrs. Raffle of two Qatar Airways tickets to India

1930 – 2100 hrs. Indian classical music & dance, Bollywood and Tango (by an Indian) Dances

2100 – 2230 hrs. Cocktail

The seminar is being organized by the Embassy of India in Buenos Aires in collaboration with the Economic Commission for the Latin America and Caribbean (ECLAC) based in Santiago (Chile).

The Seminar is part of the IV Festival of India 3-13 December, organized by the Embassy. This includes performances by Indian classical music and dance groups, bollywood dance by Argentines, food festival, yoga and meditation sessions, film festival, tourism workshops, painting and photo exhibitions, cultural seminars, handicraft exhibition by 50 Indian companies and India Cup golf tournament.

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