Latin American market offers a lot of opportunities for Indian ready made garment exporters, said Rengaraj Viswanathan, a former Indian Ambassador to Argentina, Uruguay, and Paraguay and also an expert on Latin America, here on Friday.
He was talking to The Hindu while here to attend a conference organised by the Confederation of Indian Industry.
Latin American buyers were showing tendency to source more from countries other than China which presently holds 50 per cent share of its import market, he said.
Domestic apparel production in Brazil, Argentina, and Venezuela was shrinking, which in turn was paving way for more imports.