India and countries of the Latin American and the Caribbean region have
huge potential to boost economic ties in areas like agriculture, health, energy
and information technology, the Commerce Ministry said on Thursday.
Quoting Commerce and Industry Minister Suresh Prabhu who addressed
diplomats of the Latin America and Caribbean (LAC) Strategic Economic
Cooperation here Wednesday, it said there is a need for a multi-pronged
strategy to enhance bilateral trade in merchandise and services.
The Ministry said Indian companies could form joint venture projects for
cultivation of lentils, oil-seeds and food grains, which are crucial import
items, besides conducting joint research in dairy farming, seeds and pulses.
Source: The Hindu Business Line, India Friday, 01 March 2019