IMF says Latin America is less vulnerable to global slowdown

Some friends tease me as an incorrigible optimist when I talk about the new stability and growth of Latin America. They accuse me of partiality because of my passion.
Here is what IMF says... confirming what I have been saying
This is Reuters report of 17 march 2007

" Latin American countries have become less vulnerable than in the past to global slowdowns after strengthening public finances, reducing debt and building reserves, an IMF official said on Saturday.
"The region as a whole has improved ... reduced considerably its vulnerabilities," International Monetary Fund deputy managing director Murilo Portugal told Reuters. "There is a greater resilience now to face external deceleration."
He said many Latin American countries have improved their public finances by reducing debt and substantially increasing international reserves.
A string of weaker-than-expected economic data from the United States has raised concern the economy there may be slowing faster than expected, and that a subprime mortgage crisis could spread to other parts of the economy.
Draft International Monetary Fund forecasts obtained by Reuters earlier this week showed the international body expected global growth of 4.9 percent this year and next after last year's brisk 5.3 percent.
Economists attribute recent improvements in financial stability in Latin America partly to moves by some countries to replace debt in dollars and euros with debt in their local currencies, reducing risk from foreign exchange swings.
A study presented on Saturday by Inter-American Development Bank Senior Economist Andrew Powell at the regional lender's annual meeting in Guatemala showed issuance of domestic debt in Latin America had steadily increased since the 1990s, especially in small countries with limited access to markets."

India's Trade with Latin America in 2006

India's trade with Latin America and caribbean increased to 9 billion dollars in 2006, up from 6 billion in 2005. Highlights:
Brazil remains as the largest trading partner with 2.4 billion dollars of trade, followed by Mexico 1.8 billion, Chile- 1.6 billion and Argentina- 1.2 billion.

While Brazil is the number one destination for our exports, Chile has become the largest exporter to India .

India's exports were 4 billion dollars. Main destinations:
Brazil 147o million dollars
Mexico 1125 ,,
Colombia 346 ,,
Argentina 288 ,,
Chile 164 ,,
Peru 146 ,,
Venezuela 93 ,,
Guatemala 67 ,,
Ecuador 50 ,,
Uruguay 35 ,,

Imports of India in 2006 were 5 billion dollars, up from 3 billion in 2005
Main sources:

Chile 1489 million dollars
Brazil 937 ,,
Argentina 932 ,,
Venezuela 700 ,,
Mexico 671 ,,
Peru 102 ,,
Colombia 63 ,,
Ecuador 50 ,,
Costa Rica 38 ,,

Trinidad and Tobago Business delegation 12 march

CII hosted a meeting at the Intercontinental Hotel, New Delhi with the first and largest-ever Trinidadian business delegation. It consisted of 21 members and was headed by Minister of Trade and Industry Mr Kenneth Valley.

In my speech I highlighted the new Indian business mindset and the difference with the old India using the example of Trinidad itself. About 170 years ago, Indians went as indentured labourers to work in the sugar plantations of Trinidad because at that time India was poor and was ruled by a Colonial power. Today Indian companies are going to Trinidad to invest, create wealth, add value and provide employment. Mittal Steel has invested 1.5 billion dollars. Essar is investing 1.2 billion dollars in another steel mill. T and T has attracted more Indian investment than Brazil or Mexico!. The delegation which has come to India after visiting the dragon(China) and tiger(Korea) can now see the flying elephant ( India) which has the distinction of being the fastest growing largest free market democracy in the world.

The Head of HR and Admn of Essar Steel Caribbean Ltd Mr Prem Singh talked about the positive experience of his company in making the investment in T and T.

High Commissioner Manideo Persaud highlighted the competitive advantages of T and T for Indian investors.

T and T is the gateway to the Caricom region which is integrating towards a Single Market and Economy. T and T is the richest country in the region and its economy is booming with the high oil and gas prices.

El Salvador business meeting 7 February 2007 at Delhi

CII organised a meeting for the El Salvador Foreign Minister Mr Francisco Lainez and his delegation with Indian business at Habitat on 7 Feb at 1.30 pm.

In my welcome remarks in Spanish, I invited the delegation to look at the opportunities arising from the the emerging New India, which has a new mind-set. Addressing the Indian businessmen, I said Indian exporters should try to get atleast one percent of the total imports of El salvador, which were 7.6 billion dollars in 2006. Our exports in 2006 were 20 million dollars. I spoke about our thrust to open up relations and business with Central America countries. The integration of SICA, the Central American regional group involving infrastructure, electricity grids, railways, roads and logistics open up business opportunities for Indian companies. I advised CII to take a business delegation focussed exclusively on central america.The Government of India is giving a 15 million dollar Line of Credit to promote trade with El Salvador,and is setting up a IT training centre.

The Minister invited the Indian companies for bz and investment. The advantages of El Salvador market he quoted are impressive:
-It is one of the three markets which have an investment grade rating, apart from Chile and Mexico
-interest rate of around 7% is one of the lowest in the whole of latin america
-Government offers sector-specific fiscal incentives.
- There are free trade zones for exports.
- telecom, banking and infrastructure are modern
-FTA with USA, Mexico and being part of SICA gives access to these markets
- Indian companies can look at opportunities in agroindustry, footwear, tourism and call-centres

The meeting was presided over by Harinder Sikka, director of Nicholas Piramal, who is planning to lead a delegation to El Salvador

Mr Shashank Bhagat, the Honorary Consul of El Salvador in Delhi who was also in the dais will promote business and interaction between the two countries.

The Minister was accompanied by a business delegation. Mr Poma CEO of the Poma Group of El Salvador is interested in imports of cars and vehicles from india. Poma Group was the second oldest dealer of Toyota in the world ! Hmmm. The first two markets which imported Toyota cars were El salvador and Taiwan !

Latin American and Caribbean economies continue healthy growth in 2006 and 2007

My optimism about the region's stability and growth are confirmed by the December 2006 report of the Economic Commission for Latin America and Caribbean (ECLAC).
Highlights of the report:

- Growth rate in 2006 was 5.3 %, after 4.5% in 2005 and 5.9% in 2004.. Projection for 2007 is 4.7 %.
- Highest growth Venezuela 10%, Dominican Republic 10%, Argentina 8.5% , Peru 7.2 % and Colombia 6%, Trinidad and Tobago 12%
- Brazil's growth in 2006 was 2.8%, projected 3.5% in 2007
- Mexico growth in 2006 was 4.8% , projection for 2007 is 3.8%
- Gross external debt declined to 633 bn dollars from 656 bn in 2005 and 761 bn in 2004. Brazil's debt was down to 156 bn$ from a high of 226 bn in 1999. Argentinian debt was down to 107 bn $ from 171 bn in 2005. Mexican debt was 130bn$ in 2006 down from 166bn in 1999.
- in 2006 Brazil, Argentina and Uruguay repaid their entire debt to IMF ahead of schedule. The level of debt for the region has come down to just 24% of GDP from 42.4% in 2002.
- Foreign exchange reserves increased by 16 % to 295 billion dollars.
- Total exports increased by 21% to 677 billion dollars, while imports increased by 20% to 574 billion dollars. Trade surplus was 103 billion dollars.
- The region produced a surplus on the balance of payments current account for the fourth consecutive year, an unprecedented performance.
- FDI in the region in 2006 was 34 billion dollars, down from 49 billion in 2005. Mexico got 17 billion followed by Brazil 7 bn, Chile 6.6 bn, Colombia 4 bn, peru 3.5 bn and Ecuador 3 bn.
- Inflation was down to 4.8% in 2006 from 6.1% in 2005. Average inflation in the last ten years is 8.45 %. Highest inflation was in venezuela 15.8% followed by Haiti 11.8%, Argentina 10% and Trinidad and tobago 10%. All other countries had single digit inflation.

delegations from trinidad and tobago and El Salvador march second week

The first- ever and largest delegations from these countries are visiting India for business.
The trinidad delegation consists of 21 businessmen interested in products such as pharma, medical equipments, electrical instruments, agrimachinery, furniture, chemicals. Also interested in joint ventures. delegation is lead by the Minister of Trade and Industry.
CII hosting a meeting and lunch on 12 March at Hotel Intercontinental in Delhi
contact Vidya in CII k.v.vidya@ciionline.org

The delegation will be in Mumbai before delhi
contact Mr Persaud, High Commissioner m.persad@hctt.org

Trindad is the richest country in the Caribbean and an ideal hub for doing business in the region.

The El Salvador delegation is visiting bangalore on 5-6 March and will be in delhi from 6th afternoon to 9th. The delegation has three ministers and a dozen officials. It includes Poma business group which is interested in import of automobiles, autoparts and two wheelers.
CII organising meeting with delegation on wednesday 7 March at their Hqrs
contact Vidya in CII k.v.vidya@ciionline.org
also contact Honorary consul of El Salvador Mr Shashank Bhagat in delhi shashank@bhagatindustries.com

The Indo- LAC pharma conference scheduled for 6-7 March has been postponed to 26-28 April
contact : Raman rodelhi@pharmexcil.com,

TCS inagurates Knowledge Development Centre in Uruguay

TCS has set up a regional training center for Latin America established in the Knowledge Development Center (KDC) which is hosted by the Uruguayan technology lab (LATU). The KDC site, which was inaugurated by Jorge Lepra, the Uruguayan Minister of Industry, Energy and Mining, will also serve as a hub for training needs of local software companies in Uruguay.
The TCS training center will be based in Montevideo, Uruguay and will serve as a training platform to upgrade the technology skills of the firm's employees across Argentina, Brazil, Chile, Colombia, Mexico, Uruguay and other countries in the region.

With increasing demand for IT and BPO services in Latin America, the opportunities for job creation in this sector are immense but the supply of trained manpower could serve as a barrier to growth. "Latin America today is becoming an increasingly important IT services marketplace, with some of the highest projected growth rates over the next five years. It is also rapidly becoming an important hub for global sourcing of IT skills. It is crucial that the proper investments are made in training in technology skills, global client orientation and English language skills. TCS' investment in collaboration with the Uruguayan government could serve as a valuable example of public-private co-operation to meet this growing need," said Bob Welch, Group VP and GM of IDC's Global Services Research.

TCS invests more than 6 percent of its annual revenues in training and development and will bring in experts from across the world to serve as faculty in its Latin America Training Center. The center is also expected to give a boost to the local software industry in Uruguay and help promote technology careers and jobs in the country. "We intend to train over 3,000 employees in the next four years in a wide range of technologies, methodologies, language skills and cultural sensitivity in serving clients from offshore," said Mario Tucci, Vice President of TCS Iberoamerica.

TCS currently runs an extensive Global Delivery Network in Latin America with centers in Uruguay, Brazil, Argentina and Chile serving over 150 clients. The Uruguayan operations, which recently underwent a major expansion, employ over 800 professionals and also provide nearshore services to major US and Europe headquartered clients. "We chose Uruguay as a location for this regional training center due to its geographic centrality, excellent human resources, high quality academic environment and superior cost structure. This center will serve as a backbone to our high growth plans in Latin America by ensuring our human resources in this region are at par with the best in the world," added Gabriel Rozman, President of TCS Iberoamerica.

Article on Latin America in Telugu portal

Here is a piece on India's business with Latin America, written by Manish Chand in teluguportal.net. He has quoted my " four stages" speech at CII and Chilean Ambassador's article besides Prime Minister's statement during visit to Brazil.

This is interesting for two reasons: first, even Telugu portal is disseminating info on latin america. Secondly, Manish Chand has an interesting approach combining culture and commerce. I have never met him or heard about him. He is a good addition to the Latin America enthusiasts in India. Welcome to the Hola Club Mr Manish Chand !

Tarun Basu, chief of India Abroad News Service has informed me that Manish is from his newsagency and that this despatch has fone to over 200 subscribers incl overseas ones


India's Tango with Latin America


There is now both magic and realism in India's relations with Latin America, the energy-rich region known for its exotic beauty, joyous love of life and world-famous authors delighting in the way history and myths intersect everyday life.

The renewed camaraderie between a continent-sized country, seen increasingly as an emerging world power, and one of the world's most resource-rich regions was on display last year when Indian Prime Minister Manmohan Singh went to Brazil last year in a first visit by an Indian head of government in nearly four decades.The romance of the Latino way of life, revolving around samba, soccer and songs dripping with sadness and sensuality, has been felt in India for some time, but in the last few years this cultural attraction has taken on the complexion of a lasting relationship in which there is much to give and take.In many ways, Manmohan Singh's "voyage of discovery" to Brazil in September last month to attend the IBSA summit of India, Brazil and South Africa brought together various strands of New Delhi's accelerated engagement with Latin America, home to a large Indian diaspora, into focus.In his speech in Brasilia, Manmohan Singh talked feelingly of a beautiful country that had "fascinated me personally" and spoke of growing "complementarities" between the two sides, separated by continental distances but culturally close in spirit, in areas as diverse as energy security, agro processing, information technology, mining, forestry, biotechnology and pharmaceuticals.Although expansion of trade and investment between the two sides - that remains much below potential with bilateral trade close to $6 billion in comparison to China-Latin America bilateral trade of $40 billion - dominated the visit, Manmohan Singh also underlined the need to forge strategic relationship with Brazil and the region.India and Brazil, the two biggest democracies and economies of Asia and Latin America, have also agreed to start a strategic dialogue and committed themselves to creating a multi-polar world order. They also plan to cooperate closely in UN Security Council reforms and in multilateral World Trade Organisation negotiations. In a sure indication of more defence cooperation between the two sides in the future, Indian Army Chief J.J. Singh also accompanied the prime minister to Brazil - the first by an Indian army chief to the region.But for prospects of emerging strategic ties to become real, India and Latin America have to first concentrate with renewed vigour on multiplying trade and business ties between them.

To tap immense two-way opportunities, the Confederation of Indian Industry (CII) plans to hold a Latin America and Caribbean (LAC) conclave on Feb 14 at New Delhi this year. The conclave, the first such event that follows on the success of a similar exercise with Africa over the last two years, will bring together LAC trade and industry ministers, businessmen, chambers of commerce and trade and industry organisations for a business meeting with their Indian counterparts.

In an address to the CII, R. Viswanathan, joint secretary in charge of the LAC division in the external affairs ministry, spoke recently about four stages in India's evolving business relationship with Latin America - a region that has recorded sustained economic growth of over four percent for the fourth consecutive year."These four stages are: barrier mindset, flirtation, romance and partnership. In this current stage Indian and Latin American business have developed a healthy respect based on their changed mindset about the new emerging profile of each other's markets," he said.He also outlined the contours of "a win-win partnership" between the two sides with India's value addition to Latin America by Indian IT, pharmaceuticals and manufacturing companies which contribute to human resource development, reduction of cost of healthcare and employment and industrialisation."India benefits from access to Latin America's oil and gas, mining and forestry and agricultural resources," he said.

Indian companies have clearly woken up to the untapped potential of doing business with Latin America and are already moving into the region with enthusiasm and confidence. Jindal Steel won the bid for the Bolivian mine El Mutún, one of the largest iron ore deposits in the region last year. Although the deal is yet to be finalised, the Jindal group has already committed an investment of $2.3 billion.Another biggie, the Essar Group, has also made its presence felt in the region and is building a $1.2 billion steel plant in Trinidad and Tobago. Tata Motors has started a joint venture with Marcopolo, Brazil's largest bus manufacturers, and Bajaj Auto has announced the opening of a factory in Argentina.The idea now is to set more ambitious trade targets.

Chile's ambassador to India Jorge Hein has proposed raising bilateral trade to $40 billion with the LAC region by 2008. To reach this target, he has advocated expanding trade agreements between India and LAC that will be critical in removing extant trade barriers and facilitating the flow of goods and services between the two sides."The ones signed between India and MERCOSUR (a regional trade agreement between Brazil, Argentina, Uruguay, Venezuela, and Paraguay) in 2005 and between India and Chile in 2006 are a first step in that direction (a Preferential Trade Agreement with Peru is under consideration)," he wrote in an article in an Indian newspaper last year.Heine is also all for increased participation of private companies to boost business between the two sides. "The key would seem to lie in getting into the supply chains of production and distribution that cater to the respective markets, thus making the most of their comparative advantage," he wrote.In the area of energy security, Latin America could well emerge an alternative source of energy for India, which currently imports the bulk of its oil and gas requirements from the Middle East. Venezuela has one of Latin America's largest crude oil reserves. India also supports the ethanol/biodiesel alternative fuel initiative by Brazil.As India's economy continues to grow at over eight percent and it emerges an economic powerhouse, it will need huge resources of Latin America to feed its growing economy and energy needs. And as more and more countries of Latin America industrialise and democratise, it will only expand an arc of mutual advantage and prosperity between the two sides.What is also striking is a radical transformation of India's image in the region from a poverty-stricken developing country afflicted with democratic chaos to that of a vibrant emerging power that, along with China, could hold the key to the balance of power in Asia and the world.Latin America has responded to the rise of India and China in a positive manner and has smelt new opportunities and complementarities in the economic transformation of these two Asian giants, which serve as "the world's service centre" and the world's factory respectively. This is borne by two recent studies on the subject: "Latin America and the Caribbean's Response to the Growth of China and India" by the World Bank, and "China and India and its Trade Relations with Latin America and the Caribbean: Opportunities and Challenges" by the UN's Economic Commission for Latin America and the Caribbean.In the days to come, the burgeoning economic ties are set to acquire strategic character with the Latin American countries and India cooperating more proactively on global issues like counter-terrorism, energy security, multilateral trade negotiations and the expansion of the UN Security Council.

More energy to India-Latin America ties!--By Manish Chand

Record number of Latin American businessmen visiting India

Over two hundred Latin American and Caribbean businessmen are visiting India in the next few weeks.
over 50 of them for the International leather Fair at Chennai 31 January - 3 february
Another fifty atleast for the CII latin America conclave 13-16 February
One hundred for the pharma conference of Pharmexcil 6-8 march
Businesmen will accopmany the Trade Minister of Trinidad and the Foreign minister of El Salvador in March.
Indian contacts for these delegations are given in www.businesswithlatinamerica.com

The businessmen are coming from both big countries such as Brazil and Mexico as well as from small countries.
In january there were over 100 businessmen who came for the engineering and software fairs.

The total of 300 businessmen visiting India from latin America is a record.

I hope the Indian business will get the message ....of seriousness and enthusiasm of their latin American counterparts !

Brazilian companies in Chennai leather fair 31jan - 3 Feb

26 Brazilian cos are participating
at the India International Leather Fair’07 at Chennai.
the largest ever participation

Given below is the list.


1
Fuga Couros S/A


Mr. Eduardo Fuga
Address: Rua José Fuga, 297, Bairro Constante Fuga
CEP: 99150-000
Marau – RS – Brasil
Tel: (54) 3342 3277
Fax: (54) 3342 3394
Email: leather@fuga-couros.com.br
2
Curtume Krumenauer S/A


Mr.Joel Krumenauer
Address: Rua Júlio de Castilhos, n° 7979
CEP: 93180-000
Portão – RS – Brasil
Tel. (51) 3562 1200
Fax. (51) 3562 1862
E-mail: joel@krumenauer.com.br


3
Natur Indústria de Couros Ltda.



Mr. Eleno da Silva

Address: Rua Boa Vista, 626
Bairro: Estação Portão
93180-000
Portão – RS – Brasil
Tel. (51) 3562 1446
Fax. (51) 3562 1750
E-mail: natur@curtumenatur.com.br

4
Curtume Della Torre Ltda



Mr. Valeriano Della Torre

Address: Av. Alberto Pulicano 3333, Bairro Distrito Industrial
14406-100
Franca – SP – Brasil
Tel: (16) 3720 0255
Fax: (16) 3720 0912
E-mail: sales@curtumedelatorre.com.br
5
South America Hides and Splits Ltda.

Mr. Áureo
Address: Rua José Bonifácio, 750 Franca – São Paulo – Brasil
CEP: 14405-110
Fone: 55 16 3721 8690
Fax: 55 16 3721 6930
E mail:aureo@unionleather.com.br

6
Centro das Indústrias de Curtumes do Brasil

Mr. Flávio Lucchese
Address: SAS – Quadra 01 – Bloco “N” – Edifício Terra Brasilis - Sala 409 – Asa Sul
CEP: 70070-010
Brasília – DF – Brasil
Tel. (61) 3224 1867
Fax. (61) 3323 7943
Website: www.brazilianleather.com.br
E-mail: cicb@terra.com.br
7
Bertin Ltda.

Mr. Leonardo Swirski
Address: Rodovia BR 153, km 179 – Bairro Parque Industrial
CEP: 16404-110
Lins – SP – Brasil
Tel. (14) 3533 2141
Fax. (14) 3533 2142
Website: www.bertin.com.br
E-mail: bracol.diretoria@bertin.com.br

8
Agro Latina Ltda

Mr. Renato Argenta
Address: Estrada Picada Francesa
nº. 950, Bairro Casa da Pedra
CEP 95650-000 Igrejinha – RS - Brasil
Fone: 55 51 3545 5000
Fax: 55 51 3545 5358
E-mail: agro@agrolatina.com.br

9
Curtume Aimoré S/A
Metragem: 12 sqm
Mr. Roque Kerbes
Address: Rua Presidente Vargas, 505
Bairro: Aimoré
CEP: 95940-000
Arroio do Meio – RS – Brasil
Tel. (51) 3716 13 13
Fax. (51) 3716 13 53
E-mail: importexport@aimore.ind.br

10
Curtume Sulino Ltda


Mr. João Luis Kreuz

Address:Av. Mathias Stefens, 3369
bairro Centro
95755-000
São José do Hortêncio – RS – Brasil
Tel: (51) 3571 1166
Fax: (51) 3571 1166
E-mail: sulino@curtumesulino.com.br
11
Indústria e Comércio de Couros Dowidi Ltda.


Mr: Atair Kieling

Address: Rua Engenheiro Jorge Schury, 1700 – Bairro São José
CEP: 93534-040
Novo Hamburgo – RS
Te.l. 51 35959631
Fax. 51 3595 9732
E-mail: wellour@wellour.com.br
kieling@wellour.com.br
12
Assintecal Association of

Mr. Chris Haddad
Address: Brazilian Companies of Components for Footwear, Leather and Related Goods
Rua Julio de Castilhos, 526
Novo Hamburgo-RS
Cep: 93510-130
Fone: 55.51.3584.5200 Fax: 55.51.3584.5201
www.assintecal.org.br assintecal@assintecal.org.br
13
MADEIREIRA HERVAL LTDA - HERVAL QUIMICA


Mr. Odete Ody
Rodovia BR 116, KM 223,5 - Dois Irmãos – RS
Cep.: 93950-000
Fone: +55 51 3564.8350 – Fax: + 55 51 3564.8352
E-mail: odete@herval.com.br
Site: www.herval.com.br
14
FCC FORNECEDORA, COMPONENTES QUÍMICOS E COUROS LTDA.

Mr. Jeferson Pohl
Address: Rua Paineira, n° 20 - Campo Bom – RS
Cep.: 93700-000
Fone: + 55 51 2129.2200 – Fax: +55 51 2129.2202
E-mail: diretoria@fcc.com.br ou jeferson@fcc.com.br
Site: www.fcc.com.br
15
FLECKSTEEL INDÚSTRIA DE ARTEFATOS METALICOS LTDA

Mrs. Ana Letícia Fleck
Address: Rua João Blauth Sobrinho, n° 153 - Campo Bom – RS
Cep.: 93700-000
Fone: + 55 51 3038.5300 Fax: +55 51 3598.2731
E-mail: flecksteel@flecksteel.com.br
Site: www.flecksteel.com.br
16
TERMOTEXTIL INDUSTRIA E COMERCIO LTDA


Mr. Marcelo Fuentes Silva
Address: Rua Amadeu Amaral, n° 93, Novo Hamburgo – RS
Cep.: 93534-380
Fone: + 55 51 3587.9620 Fax: +55 51 3587.4667
E-mail: exportação@termotextil.com.br cristiano@termotextil.com.br
Site: www.termotextil.com.br
17
RIMA COUROS LTDA


Mrs. Alice
Address: Rua Jacob Sdneck, nº 714 - Ivoti – RS
Cep.: 93900-000
Fone: + 55 51 3563.7300 – Fax: +55 51 3563.7219
E-mail: alicerima@gmail.com ou rimacouros@terra.com.br
18
IVOMAQ INDÚSTRIA E COMÉRCIO DE MÁQUINAS LTDA.

Mr. Adriano Rodrigues
Address: Rua Otilio Monteiro dos Santos, nº 3045 – Bairro Distrito Industrial I
Franca – SP
Cep.: 14401-902
Fone: + 55 16 3720.1000 – Fax: + 55 16 3720.1011
E-mail: ivomaq@ivomaq.com.br
Site: www.ivomaq.com.br
19
LIKO INDÚSTRIA E COMÉRCIO DE PRODUTOS QUÍMICOS LTDA.

Mr.Giovani De Fries
Address: Rua Dom Pedro II, n° 71 - Novo Hamburgo – RS
Cep.: 93542-670
Fone: + 55 51 2108.4100 – Fax: + 55 51 2108.4100
E-mail: giovani@liko.com.br - Site: www.liko.com.br
20
MÁQUINAS METAL

Mrs. Guderun Michel
Address: Rua Floradora, n° 195 - Novo Hamburgo – RS
Cep.: 93351-270
Fone/Fax: + 55 51 3594.1223 – Fax.: + 55 51 3593.8208
E-mail: vendas@mmetal.com.br
Site: www.mmetal.com.br

21
MSM PRODUTOS PARA CALÇADOS LTDA.

Mr. Norberto Gaia
Address: Avenida Rio Branco, n° 520 - Franca – SP
Cep.: 14405-080
Fone: + 55 16 3713.2577 – Fax: + 55 16 3713.2506
E-mail: msm@msmsolados.com.br
Site: www.msmsolados.com.br

22
MÁQUINAS MORBACH LTDA.

Mr. Leonardo
Address: Rua Guilherme Grovernamm, n° 680 - Novo Hamburgo – RS
Cep.: 93415-530
Fone: + 55 51 3066.5666 – Fax: + 55 51 3066.7666
E-mail: morbach@morbach.com.br
Site: www.morbach.com.br
23
CS PESQUISAS E PARTICIPACÕES INDÚSTRIAIS LTDA (Fibracouro)

Mr. Milton
Address: Avenida Contorno Sul, S/Nº - Complemento Lote 78-B – Bairro Nova Ucrania Apucarana – PR
Cep.: 86802-630
Fone: + 55 43 3420.1200 – Fax: + 55 43 3420.1233
E-mail: milton@csindustrial.com.br ou sabia@csindustrial.com.br
24
MATRIZARIA POLAKO LTDA.

Mr. Roque Jr.
Address: Rua Doutor João Daniel Hillebrand, nº 483 - Novo Hamburgo – RS
Cep.: 93415-520
Fone/Fax: + 55 51 3587.2511
E-mail: polako@polako.com.br
Site: www.polako.com.br
25
TECQUIMICA INDÚSTRIA E COMÉRCIO LTDA. (Tecquímica)

Mr. Giovani
Address: Rua Raymundo Correa, nº 23 - Bairro Operário - Novo Hamburgo – RS
Cep.: 93315-180
Fone/Fax: + 55 51 3527.9000
E-mail: tecquimica@tecquimica.com.br
Site: www.tecquimica.com.br
26
ESCOWAL ESCOVAS INDUSTRIAIS LTDA. (Escowal)

Mr. Ricardo Schumacher
Address: Rua Luiz de Camões, nº 106 - Bairo Vila Nova - Novo Hamburgo – RS
Cep.: 93520-280
Fone/Fax: + 55 51 3527.6300
E-mail: export@escowal.com.br
Site: www.escowal.com.br

Latin America Conclave initiative by CII

CII held a meeting on 9 January at Hotel Taj Mansingh to launch their proposal for a Latin America and caribbean conclave on 14 February at New Delhi during their India Engineering and Technology Fair at Pragati maidan 13-17 February.

The conclave will bring together Latin American and caribbean trade and industry ministers, businessmen, chambers of commerce and trade and industry organisations for an interaction with their Indian counterparts. This the first ever such event. CII had organised successfully African conclaves in the last two years.

In my speech I mentioned that india's business with Latin America has gone through three stages and has now reached the fourth stage. These four stages are: barrier mindset, flirtation, romance and partnership. In this current stage Indian and Latin American business have developed a healthy respect based on their changed mindset about the new emerging profile of each other's markets. India's value addition to Latin America is by Indian IT, Pharma and manufacturing cos which contribute to human resource development, reduction of cost of healthcare and employment and industrialisation. India benefits from access to Latin America's oil and gas, mining and forestry and agricultural resources. It is a win-win for both and it is logical to expect a long term and sustainable partnership.

Mr Sapre, Director Kirloskar group is the chairman of the organising committee. Indian companies could take advantage of this rare opportunity. CII has already sent the invitations which are being followed up by our embassies.

contact- Gunveena Chadha of CII gunveena.chadha@ciionline.org

Experience of an Indian export Executive on his first visit to Latin America

Let me reproduce the executive's email which speaks for itself

"Please refer to your meeting with undersigned regarding his visit to Latin America.

I am back in India after my visit. We are really very thankful to you for all your assistance and cooperation regarding the visit of undersigned.

Also, we would like to inform that the assistance and cooperation we receive from our embassies was amazing.

We really feel that our embassies are doing great jobs in promoting our trade with Latin American countries.

We must add that our missions in Colombia, Chile & Uruguay ( through our embassy in Argentina) helped undersigned with all his appointments and we hope they all would be fruitful for us in future.

We would like to make a special mention of Mr. Martin de Castro (Commercial officer Uruguay, Indian Embassy in Argentina).
He was such a big help for us in Montevideo. He took time off his schedule to assist us in our meetings.

I would like to come in person and share my views with you, would make a request with you in coming week for an appointment.

Thanking you,Sincerely Yours,

(Shivreet Dhillon)

GTP Overseas Private LimitedC-10, Sector-1,Noida - 201 301

So I met the young Dhillion yesterday. oops ...I was taken aback. He has become more enthusiastic about Latin America than me..

Here is what he told me.
- He has got orders from Colombia and Uruguay in this very first trip. He found the Colombian customer in the internet!. He sees great scope for his rubber products which go into the second hand market of auto parts. He is planning to try other mkts in mid 2007.
-More than the business, he has discovered Latin Americans. He found the people friendly, warm and hospitable. He spent 4 days in Colombia but his customer spent only a total of 4 hours in business discussion. She took him to the night club, restaurants, bars and for sight seeing. Whenever he mentioned business, she said " relax.. enjoyment first.." . No wonder the youthful Dhillion's eyes have a new shine and there is a romantic smile in his face now.