Monday, December 24, 2012

Investment opportunities in Argentina: Mr. Tomas Ferrari, Consul General of Argentina

The Federation of Andhra Pradesh Chambers of Commerce & Industry (FAPCCI) in association with the Consulate General and Promotion Center of Argentina in Mumbai and EXIM Bank of India Organized an Seminar on “Doing Business with Argentina: Trade, Tourism & Investment Opportunities” on December 17, 2012 at FAPCCI, Hyderabad. Mr. Tomas Ferrari, Consul General of Argentina was the chief guest for this occasion. 

Mr. Devendra Surana, President, FAPCCI, Mr. A. Subrahmanyam, Deputy General Manager, EXIM Bank of India, Ms. Medha Sampat, Argentina Tourism Consultant (INPROTUR), Mr. T.V. Rao, representative of EXIM Bank of India, Mr. Shyam Sunder Pasari, Chairman, International Trade Committee, FAPCCI and Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI have participated at the interactive meeting. 

Addressing a Seminar His Excellency Tomas Ferrari, Consul General of Argentina inviting investments to invest Agri, Bio-Mass, coal, sugar, solar, soya and wine sectors. Argentina was the largest wine exporter worldwide and India was the largest consumer for it. The India and Argentina had set a trade target of $3 billion by 2012 from $1.3 billion in 2008. Indian exports to Argentina in 2008 amounted to $289.7 million, while Argentina’s exports to India were valued at $ 906 million. Chemical products account for about 40 % of India's total exports to Argentina, while edible oils constitute 75 % of total imports from Argentina. 

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