Promoting India Latin America Collaboration

Argentina and Uruguay’s tango row


BBC NEWS | Programmes |

One of the great Argentine icons, alongside footballer Diego Maradona and the former first lady, Eva Peron, is the tango singer, Carlos Gardel.

Pictures of him with his slicked-backed hair and perfectly tailored suits adorn many Argentine bars and restaurants and you will often hear his songs played by Buenos Aires taxi drivers on the all-tango radio stations.

He was an early playboy, an international superstar who came to a tragic and premature end in a plane crash in Colombia in 1935. Gardel is to Argentina what Frank Sinatra is to the United States or Edith Piaf is to France.

So while driving through northern Uruguay recently, I had to take a second look when I saw a sign pointing to Carlos Gardel’s birthplace and museum.

How cheeky can you get? It is like Canadians saying that Sinatra was not really born in Hoboken, New Jersey, but in Moose Jaw, Saskatchewan.

Or the British claiming that Edith Piaf really hailed from Basingstoke in southern England.

Gardel is as Argentine as a big lump of juicy steak being barbequed by gauchos out on the pampas. But not according to the Uruguayans, and they have the evidence to prove it – or so they say.

[T]his dispute goes to the heart of Argentine and Uruguayan national identity.Tango is not just a style of music and dance – it is the beat to
which both nations evolved from their immigrant roots.
It matters.

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“Argentina puede exportar 10% del total de vino mundial”

lanacion.com

Para la enóloga Susana Balbo, propietaria de la bodega Dominio del Plata y presidente de Wines of Argentina, asociación que nuclea a las bodegas exportadoras, si se corrige el problema inflacionario y la falta de infraestructura, la Argentina puede llegar a capturar el 10% del mercado mundial de vinos en los próximos años (hoy está en el 3%). En una conferencia que brindó durante la Feria de Vinos y Bodegas en La Rural, presentó un completo panorama de las exportaciones de vinos argentinos. Estos son los principales conceptos:

- El mercado vitivinícola internacional es un mercado en plena evolución: las exportaciones mundiales de vino crecieron un 280% en los últimos 20 años y hay un crecimiento en el consumo mundial sostenido del 4% anual. El mercado está dominado por los países del Viejo Mundo (Francia, Italia y España), pero hay un gran crecimiento de las exportaciones del Nuevo Mundo: en 1994 eran del 8% del mercado mundial y en 2007 del 38%.

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Latin America and the Caribbean’s Response to Growth in China and India

World Bank – Office of the Chief Economist –

According to the study Latin America and the Caribbean’s Response to the Growth of China and India: Overview of Research Findings and Policy Implications, concerns that both countries are displacing the LAC region in world markets for goods, services, foreign direct investment, and innovation are misleading.

Guillermo Perry, Chief Economist for the World Bank Latin American and the Caribbean region and one of the authors of the study, says despite the concern about the possible effects of the growth of these Asian economies on the LAC region’s manufacturing and services sectors, there is substantial evidence of positive aggregate effects associated with China and India’s presence in world exports, financial flows, and innovation.

China and India’s growth is creating new production possibilities for LAC economies, in particular for sectors that rely on natural resources and scientific knowledge.On the other hand, the study also indicates that some industries, firms and sub-regions are being negatively affected, specially industrial and electrical machinery, electronics, transport equipment, and textiles.

In sum, China and India’s growth has not been a zero-sum game for LAC, but the potential benefits are not being fully realized.

According to the authors, it is crucial that LAC countries take full advantage of the growing presence of China and India in world markets by adopting offensive strategies that facilitate both, the participation of LAC firms in global production networks and their commercial presence in the two Asian economies’ markets.

For governments, the study recommends avoiding protectionist temptations and focusing on facilitating the adjustment in affected sectors, as well as the emerging structural shift towards more natural-resource and scientific-knowledge-intensive sectors by adopting adequate education, innovation, natural resource management, and rural development policies.

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Agro textiles in India to witness a surge in demand

Textile News – India :

Agro textiles are increasingly being used in agriculture, horticulture, forestry and fishing segments all over the world. These textiles are driving the sector profitability by improving the productivity and reducing the need of chemicals. In India agro textile is one of the significant segments of technical textile products occupying a significant place in terms of volume consumption. Internationally, the agro-textile market is expected to grow from 1615000 tonnes (US$6.5 billion) in 2005 to 1958000 tonnes (US$8.1 billion) in 2010, at an average growth rate of 3.9% per annum. Developing countries like China, Brazil and India with CAGR of 7.8%, are expected to witness a surge in demand for agro textiles.

Agro textiles prevent the soil from drying out thereby increasing the crop yield, and improving product quality. Such textiles protect the farmer from harmful pesticides. Agro textile products like shade netting and thermal screens enable a saving of 40% on energy used for heating greenhouses. Farmers have also found that use of agro textiles brings about improvement in the quality of fruit, uniformity of colour and prevent staining.

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Intel unveils first Made-in-India chip

The Economic Times

The world’s largest chipmaker, Intel, on Tuesday unveiled its latest microprocessor for servers, designed entirely by its Bangalore team and developed in a record two years. The Intel R&D centre in Bangalore designed the Xeon 7400 series processor and it marked the first time that work on the 45 nanometre technology was taken up by the company outside its US home base. The six-core microprocessor is based on Intel’s x86 architecture.

A 300-member team from Bangalore undertook the work with support from units in the US and Costa Rica, Intel India president Praveen Vishakantaiah said.

Intel’s Bangalore R&D operations, which started a decade ago, have grown to become one of the largest centres outside the US. Besides the six-core microprocessor, the India R&D team has made important contributions to the teraflop and quad-core Xeon processor.

Mr Vishakantaiah described it as a validation of the Bangalore operations and termed the country as a strategic destination as Intel India continues its focus on high-end technology development.

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India planning to streamline visa process for foreign tourists

Visa Bureau

To maintain this strong growth, the Indian government is looking to create visas on entry for nationals from 18 countries. At the moment, international visitors to India must have an Indian visa to enter the country. Indian tourist visas are usually valid for up to six months, and under the conditions of the visa, the visa holder is not allowed to work. For short-stay visits, tourists can also apply for a 15-day transit visa.

Under the new proposals, last-minute tourists would not have to be offshore to apply for their Indian tourist visa so that time-consuming procedures can be avoided. Countries included in the proposal include Argentina, Brazil, Chile,  Mexico, Spain.

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LatAm countries hold opportunity for Indian mid caps

This whole talk of currency instability is slightly dated. In the 80s and early 90s, when debt was denominated in $ currencies came under pressure from rapid FDI outflows – 80s era of hyperinflation comes to mind.

With the spectacular increase in commodity prices, starting in 2001, many countries in LatAm have been able to build substantial current account surpluses, add to their currency reserves and re-denominate debt in local currency. This had provided needed currency stability. Its amazing to know that the Brazilian real which was effectively worthless at the end of the 80s is now the only foreign currency holding of Warren Buffett!
Analysis-Markets-The Economic Times

In a bid to spur Indian medium scale companies to take advantage of foreign markets, India Trade Promotion Organisation is exploring opportunities in Latin American countries.

“There is investment potential in certain Latin American countries for Indian Inc. Big players like Tatas, Godrej, Mahindra and Mahindra, Aditya Birla group have already made their presence felt in sectors like IT, FMCG, auto, fibre etc. But the presence of mid size companies can hardly be felt,” said V Narayanan, manager, ITPO.

According to Narayanan, mid size companies can find fortunes in engineering goods, chemical products, textile, plastic products, pharmaceuticals, artificial jewelery & cosmetic articles, to generate good profit margins.

US and UK-based products are being sold at a higher price in countries like Chile, Peru, Brazil, Argentina, Mexico whereas Indian companies can offer almost the same quality product at a cheaper rate, ITPO is of opinion.

“A couple of other factors also create a conducive environment for Indian mid-size companies. Those are cultural similarities and similar taste of foods. This can result in a sizable demand for Indian products,” Narayanan said.
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