In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month

Mexico is now being increasingly referred to as the ‘China of the Americas.’ With the Mexican government introducing reforms in several sectors, and thereby easing the scope of business, how can India –which is slowly expanding its footprint in Latin America – benefit from Mexico’s rise?

In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month

India’s oil imports from Latin America increased from 4.5% in 2003 to 11% in 2012-13. This marks a diversification in India’s energy policy. With Latin America’s surplus energy production and discoveries in off-shore oil fields, India must further consolidate its oil trade with the region

According to the UN Economic Commission for Latin America and the Caribbean, the Latin American region is expected to grow at 3% in 2013. Although the growth appears modest, it is not bad given the GDP contraction in the Eurozone in the past two years and the lower growth rates in the rest of the world

In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month

In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month

As India looks to diversify its sources for energy imports and grapples with food security issues, it is looking more towards Latin America. Gateway House interviews Ambassador Deepak Bhojwani to discuss India’s prospects with this increasingly significant region.

Although India’s trade with Latin America has increased considerably, there is still much potential to be exploited. India’s should adopt an aggressive market oriented strategy by identifying local partners wherever possible to enable Indian companies to penetrate the region.

Latin America is witnessing an exponential rise in regional integration of business houses. The resource-rich nature of most Latin American economies has led to an inward concentration of investment, which makes it an extremely interesting prospect for Indian investors.