IFFCO has invested 25 million dollars in Americas Petrogas, a Canadian company, which has oil and gas projects in Argentina and a potash mine in Peru. IFFCO is keen on the potash project in Peru, as part of their global fertiliser production strategy. They are also considering a Urea production plant in Argentina based on the gas produced by Americas Petrogas in La Pampa province of Argentina.
Godrej is in talks with the Issue Group of Argentina to acquire their cosmetics production business.
Kirloskar is exploring the possibility of manufacture of pumps in one of the countries to be selected in Latin America.