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India-LAC Conclave raises expectations for enhancing relations

New Delhi, Aug 4 (Prensa Latina) The 9th India-Latin America and the Caribbean (LAC) Conclave ended on Friday with great expectations for strengthening bilateral economic relations.

Attendees to the meeting managed to reach over USD$100 billion in trade between the two regions by 2028, according to Indian authorities.

Bilateral trade currently hovers around USD$50 billion, a low figure given the number of business people operating across Latin America and the Caribbean.

The two-day event included more than 300 meetings where participants explored new business openings in mining, renewable energy, healthcare services, infrastructure, industry, digitalization and innovation.

The Conclave showed both potential and strength of economic relations between the two regions, completed projects in the referred sectors, and the pharmaceuticals, renewable energy, and automotive industry.

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