Bolivia
(Source : Embassy of India, Lima)
India will open an Embassy in Bolivia to promote investments (Cambio 01.04.2019) – Indiawill open an Embassy in Bolivia in the coming months to promote joint projects and consolidateinvestments in productive sectors, Foreign Minister Diego Pary said. They already have an Embassyopened in India; our greatest interest is that the relations between both countries be strengthened, saidthe Foreign Minister in an interview with the Panamericana radio station. Pary added that since the visitof President Ram NathKovind, last week, both countries are entering a new era in diplomatic relations.The Asian president held meetings with his counterpart Evo Morales to lay the foundations for a"promising" future of cooperation for the integral development of both nations, and several agreementswere signed by the businessmen who accompanied him and his Bolivian counterparts. The exchangeswill be in the areas of health, technology, mining, transport, culture and diplomatic relations,fundamentally. Among them stand out the Indian support for the Central Bioceanic Corridor, and a creditof 100 million dollars for the promotion of the Bolivian pharmaceutical industry.
Saudi Arabia
(Source :Embassy of India, Riyadh)
Bilateral Commercial
Saudi Minister of State for Foreign Affairs met the Prime Minister of India
Saudi Minister of State for Foreign Affairs, Adel al-Jubeir met the Prime Minister of India Narendra Modi during his visit to India on (10 March) to follow-up on the outcomes of the Crown Prince’s visit to India. Both reviewed bilateral relations between the two countries, ways to improve it further in various fields during the meeting. Jubeir also met the Foreign Minister, Ms. Sushma Swaraj during the visit.
King Salman received Ambassador of India to the Kingdom
Ambassador Shri Ahmad Javed bid farewell call on King Salman at the end of his tenure as India`s Ambassador to the Kingdom in the presence of Minister of State, Cabinet Member Dr.Musaad Al-Aiban, and the Minister of Foreign Affairs, Dr. Ibrahim Al-Assaf.
Investment: Opportunities for investments/assets on offer/ major company divestment
There are opportunities for Indian businessmen and companies in sectors like construction, petro-chemicals, IT health & pharmaceuticals etc.
Contact details : Embassy disseminates information in its Economic and Commercial Reports and also highlights business/ investment opportunities from time to time to the Ministry.
Information regarding upcoming major investments in India from respective country:
Saudi Arabia is the 41st biggest investor in India with investments from April 2000 to December 2018 amounting to US$ 210.58 million. (Details of investing Saudi companies not available).
Sector of Investment : There are a number of Indo-Saudi joint ventures or Saudi owned companies in India, in diverse fields such as paper manufacture, chemicals, computer software, granite processing, industrial products and machinery, cement, metallurgical industries, etc.
Thailand
(Source : Embassy of India, Bangkok)
MoC enter 7 cities in India
Naew Na 18.03.2019
Deputy Minister of Commerce says that India is one of the biggest markets in the world with up to 1.3 billion population. Ministry of Commerce has planned to open the market in 7 states of India which are Maharashtra in Mumbai, Gujarat, Telangana , State of the Seven Sisters and others. They have planned to arrange activity to promotion Thai fruits in India market, including langon with the collaboration from modern trade department stores in India such as Reliance and Future Group.
Venezuela
(Source : Embassy of India, Caracas)
India remains as top destination of Venezuelan crude oil exports: According to media reports, India was once again Venezuela’s main destination for exports in March, with a third of total cargoes sent to refineries operated by Reliance Industries and Nayara Energy. The reports indicate that India was recipient of 242,000 barrels per day followed by China with 210,000 barrels per day. Following U.S. pressure, Reliance reportedly turned to selling fuel to Venezuela from India and Europe to circumvent sanctions. Cargoes sent to India, China and Singapore made up 74% of Venezuela’s total exports in March, compared with almost 70% in February.Exports to Europe accounted for 17% of the total, versus 22% the previous month.
Potential products of exports for India
Pharmaceutical products - Venezuelan pharmaceutical industry is severely affected by the lack of private investment and relies heavily on the imports for drugs and pharmaceuticals. India is one of the leading manufacturers and exporters of pharmaceuticals in the world and enjoys acceptance in the Venezuelan market due to its quality and competitive prices.
Auto-parts - India is one of the top manufacturers of auto-parts in the world. Venezuela is in dire need of auto-parts for all kinds of vehicles.
Oil and gas machinery and spare parts - Venezuela is in dire need of oil and gas industry machinery and spare parts to reactivate their oil industry. The Venezuelan oil industry uses machinery and parts which are US standards compliant, and India manufactures such items compliant with US standards at lower rates.
U.S. presses India to stop buying oil from Venezuela:According to media reports, the United States Government is pressing India to stop buying oil from Venezuelan President Nicolas Maduro’s government. “We say you should not be helping this regime. You should be on the side of the Venezuelan people,” Special US Envoy, Elliott Abrams said in an interview.The Trump administration has given the same message to other governments, Abrams said, and has made a similar argument to foreign banks and companies doing business with Maduro.Asked whether India had agreed to stop buying oil from Maduro’s government, Abrams said: “I don’t want to characterize the discussions, which continue.” The report further mentions that India is also being pressured by lawmakers from both major U.S. parties.