Courtesy: idevie.com
The New Development Bank was formalised at the just concluded meeting of the leaders of the BRICS nations in Fortaleza in Brazil this week. The location is to be Shanghai. The more appropriate and natural choice for locating the bank would have been Mumbai. There are several reasons why
Courtesy: wikimedia/commons
Brazil is all set to host the 6th BRICS Summit from July 15. In light of the fact that most developing nations have concerns over the pro-western bent of the World Bank and the IMF, the BRICS initiative of setting up of a Development Bank needs to gain momentum and the nations should finalise the mandate on a priority basis
Courtesy: wikimediacommons
Even small Indian IT companies have managed to succeed in the Latin American market. Understanding the local culture is one of the main keys to success as illustrated in the case of Mann India Technologies, which was one of the earliest Indian entrants in the Latin American IT market.
Courtesy: www.narendramodi.in
Gateway House outlines a renewed agenda for India’s relationship with Latin America. If the new government led by Narendra Modi takes these policy steps, centred on economic diplomacy, India can benefit from Latin America’s huge natural resources, increasingly assertive foreign policy, and significant economic growth
Courtesy: Ministry of External Affairs
India is the largest producer, consumer and importer of pulses in the world, and a large consumer of edible oils. To meet its growing demand, India can build a long-term partnership with Argentina for regular supplies – Argentina produces these commodities abundantly and has relevant agribusiness expertise
Courtesy: www.narendramodi.in
The burgeoning trade between the state of Gujarat and Latin America has ensured that Narendra Modi’s campaign is closely followed in Latin America. The new government in India must build on this engagement, which will help address India’s energy, food and investment needs
Courtesy: Lupin 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
Courtesy: Narendra Modi/Wikimedia Commons
Fewer than 10% of the candidates in the ongoing elections in India are women. A law to reserve seats for women in Parliament, which will increase this number, is in abeyance. Our next government can take lessons from Latin America, where 16 countries have successfully implemented reservations and other enabling measures
Courtesy: rajkumari1220/Flickr
India’s political and economic future will be determined over the next few weeks. Gateway House recommends a priority diplomacy agenda for the next government – one which puts economics at the heart of our foreign policy
Courtesy: GOV.UK/Flickr
A slumped arms industry and the U.S. shale gas sector will gain from NATO’s threat of stricter sanctions and suspension of Russia from the G8. BRICS has protested, but unless we consolidate alternate international financial structures, even other big economies like India can eventually be the targets of sanctions