Future prospectus of india and latin America:

1. Latin America, and in particular South America, is becoming a significant

source of natural resources for India — oil, copper, soya, and iron ore, among
others.
2. The Latin American industry also needs to get into the Asian value chains that
have become such a critical part of international trade.
3. India alternative fuel demand can be completed with latin American
countries. India import oil from Iran and OPEC countries which are highly
effected due to world politics and sanctions. So latin America can be good
source of fuel and oil.
4. Bilateral trade has touched USD 42 billion in 2014. Experts say this figure can touch
100 Billion USD in coming years if the leaders of both sides blend proactive
diplomacy.
5. India is set to step up collaboration with Brazil in the area of eco-friendly ethanol
which will be source of alternative fuel in indian cars as per Make in india initiative.

6. Latin America is one of the main markets for Indian pharmacy exports.
7. With increasing protectionist attitude of India’s Key markets US and EU, Latin America
provides for an enhanced opportunity to diversify its exports and vice versa.