India and the Bangalore in Buenos Aires, Argentina
Topic: Argentina
News on India and the Bangalore in Buenos Aires, Argentina. Argentina invites Indian investments in IT, infrastructure, tourism sectors.
New Delhi: Argentina is creating a mini-Bangalore in the southern part of the capital city of Buenos Aires. Stating this in his special address at the valedictory session of the 4th CII India-Latin America and Caribbean (LAC) Conclave organised in New Delhi during April 29-30, Mr Mauricio Macri, Head of Government of Buenos Aires, Argentina, said that Indian IT major TCS was the first company to set up operations in this area. Mr Macri acknowledged the significant advances that the Indian IT / ITeS industry has made globally and invited more Indian firms to invest in Argentina.
Mr Macri also pointed to Argentina’s comparative strengths in agriculture and urged Indian firms to invest in the south American country. He added that physical infrastructure development holds the key to Argentina’s growth process. With fresh investments in this domain, Argentina would be able to triple its industrial and agricultural output and exports. Mr Macri invited Indian infrastructure companies to consider participating in Argentina’s infrastructure projects.
He also focused attention on the opportunity for bilateral cooperation in tourism, which will again increase with better infrastructural support. “Come to Argentina and look for the opportunities,” he told the gathering at the Conclave.
Earlier, Mr Shubhendu Amitabh, Co-Chairman, CII LAC Committee and Senior President, The Aditya Birla Group, said in his opening remarks that the next CII India-Latin America and Caribbean (LAC) Conclave, 5th in the series, will be organised during February 24-25, 2011. The venue and location of the Conclave will be decided soon.
Mr Amitabh said that over 200 participants, representing the Indian and LAC ministries and government departments, business groups, financial institutions and social organizations, had engaged in interactive discussions at the Conclave and projects worth over US$10 billion were discussed. Also, proposals for M&As with total estimated value of $283 million were discussed, covering sectors such as IT/ITeS, Healthcare, Biotech, Agri-Business, Forestry, Auto and Steel.
Mr Praful Talera, Member, CII LAC Committee and Executive Director, Dynamic Logistics, presented the Conclave recommendations.
Monica Socolovsky, an Argentine fashion designer and entrepreneur, who has popularized the Indian hand embroideries and materials in her designs for the last 30 years, was felicitated at the event.
Bob Frassinetti: Living with art and antiques and travelling the south of South Amercia. Argentina, Chile and Uruguay
Buenos Aires 2010
Argentina
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And all about Antique Tours here in Plaza Dorrego, San Telmo and all Argentina, Chile and Uruguay
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