Promoting India Latin America Collaboration

Chile learns how trust its military, 20 years after Pinochet

Chile has made great strides since the end of the Pinochet dictatorship in 1990. Under Pinochet there was extreme political repression, including at least 3,000 people who were “disappeared” and murdered because of their political opposition to the regime. In the last 20 years Chile has enjoyed rapid improvements in its economy and society, but mistrust of the military has remained strong.

With the recent earthquake and ongoing aftershocks, however, the Chilean military has begun to redeem itself in the eyes of the citizenry. Outgoing Chilean President Michelle Bachelet has deployed thousands of troops to the hardest hit areas, and they are doing a commendable job of orchestrating search and rescue missions and maintaing security. It is revealing, however, that distrust of the military was strong enough that it took two days of widespread looting and crumpled infrastructure after the quake before President Bachelet was willing to call upon the military for help.

The military’s history might be one of oppression and fear, but residents seem to be thankful for a military presence in this crisis. From the NY Times:

In Chile, the military clearly evokes mixed emotions because of the role it played in the torture and disappearance of some 3,000 Chileans during this country’s bloody 19-year dictatorship.

But in the five days since Chile was shaken by a magnitude 8.8 earthquake, one of the worst natural disasters in its history, the military’s relationship with the country’s people was turning a new page.

Tanks were stationed outside supermarkets that had been looted and vandalized for two days before the troops arrived. Soldiers organized lines for residents to enter banks, pharmacies and gasoline stations. And for the most part, emotional and exhausted residents like Mr. Ramírez embraced them.

“The military arrived so late here,” said Mrs. Henríquez, 49. “The looters took everything in this city, even the lights in the supermarkets. It was dreadful. And all because the president was worried about what happened in 1973. We don’t care about that now. We want order, not chaos.”

Popularity: 2% [?]

JSW mulls Chilean iron ore import

* (en) World MapImage via Wikipedia

Business Standard
JSW Steel, India’s third largest steel maker, will explore the possibility of importing iron ore from its mine in Chile and sell it in the local market.

The Sajjan Jindal-controlled company had secured prospecting licences through its Netherland-based subsidiary to explore and exploit magnetite iron ore deposits in northern Chile’s Atacama region.

“We will explore the possibility of selling Chilean iron ore in India. The Chile plant will act as a natural hedge to iron ore selling in India,” said a top company executive.

Popularity: 4% [?]

Chilean president Bachelet addresses California Assembly

via sacbee.com
Speaking of Chile, she said, “We aim to take a giant step and become a developed nation in the span of one generation.”

“We have not come to ask for aid,” she told legislators. “We have come to form a partnership for development.”

“… promote collaboration through cooperative actions and initiatives focused on issues …, including education and work force development, environmental protection, clean energy, agriculture, information technology and trade…”

Popularity: 2% [?]

Investors look for emerging markets beyond BRIC

via The Economic Times
Analysts say the answer lies in the unique opportunity the new markets are offering. These markets are expected to grow like BRIC did in the new millennium as they enter an era of fast-track reforms. Maneesh Kumar, head, wealth management solutions at ASK Wealth Advisors, identifies Colombia as an interesting market to explore. “It is rich in resources and manpower. And now with the country stabilising politically, it can prove to be a dark horse in the world markets,” he says.

Kumar should know. In 2008, Colombia’s stock exchange has been the best performing one amongst the world capital markets, delivering more than 27% returns. In fact, according to Thomson Reuters, India’s capital market is one of the worst performing ones globally during 2008. It stands 53rd amongst world exchanges in 2008 (-36.12%).  Brazil is still going strong. The country’s exchange has returned more than 15% returns during 2008, and occupies the second position.

Kumar says Chile in Latin America is another country to watch out for. “It has continued to stand out as a progressive economy within the continent,” he says.

Popularity: 2% [?]

Chile Wine Fest Rocking

via indianwineacademy
It was a coup of sorts managed by the Ambassador of Chile[to India], H.E. Alphonso Silva who also demonstrated his diplomatic skills by heartily giving the credit to Mr. Gonzalo Ibanez, the Commercial counsellor & his team, and Mr. Juan Somavia, new Managing Director of Wines of Chile.

In a short speech at the concurrent, exclusive dinner for 30 special invitees, he said, ‘I hope that with the enthusiasm shown by Somavia, we shall be able to have another one again at the Oberoi Hotel next year.

Popularity: 3% [?]

Peru, Chile fight over potato’s origin

One cannot imagine Indian cuisine without aloo (potato in Hindi) chholey, aloo mutter, aloo bonda, aloo chaat. Hard to believe that all this came about in the recent ~450 years(sometime after Pizarro showed up in Peru in 1532) of India’s more than 7000 year history.

via USATODAY.com
The origin of the potato has become, well, a “hot potato” between neighbors Peru and Chile.

The spud dispute began Monday, when Chilean Agriculture Minister Marigen Hornkohl said 99% of the world’s potatoes derive from spuds native to Chile.

Peru, where the potato is a source of national pride, bristled at the claim and said the comes from a part of the Andes near Lake Titicaca, most of which is located in modern-day Peru. The country claims to have some 3,000 varieties of potato.

The spud dispute is just the latest flare-up between the testy neighbors.

Popularity: 6% [?]

Per-Capita Pharmaceutical Spending in Chile is Due to Reach US$81.4 by 2012

via BizWire
Per-capita pharmaceutical spending is due to reach US$81.4 by 2012, buoyed in part by increased government spending. The author forecasts that the total market will be worth US$1.42bn in 2012 in final consumer prices, roughly double its US dollar value in 2004.

Still, while her administration has taken steps to increase healthcare programmes, President Michelle Bachelet remains under intense pressure to increase healthcare and other social spending

Popularity: 4% [?]

World’s biggest copper mine to grow even more

via Reuters
Everything about Escondida is a superlative. It’s the world’s largest copper mine in the world’s largest copper producing country and it is easily visible from outer space.

“I think Escondida is a world-class ore body and probably one of the biggest ever discovered,” said Diego Hernandez, the president for base metals for majority-owner BHP Billiton, the world’s largest diversified miner.

Not satisfied to simply be producing nearly a quarter of Chile’s copper, nearly 1.5 million tonnes last year, Escondida is looking for more, and expects a three-year-old exploration program to extend the existing 40-year mine life with new discoveries soon.

Popularity: 2% [?]

Coastal Fog Tower Harvests Chilean Mist

Inhabitat »
This dispatch from the future of skyscraper technology takes us to the northern coast of Chile, where Alberto Fernández and Susana Ortega have conceived of a Fog Tower that absorbs and channels water from its mist enshrouded environs. This pristine helical structure would allow for the development of a sustainable agriculture environment at the edge of the Atacama Desert, one of the driest places on earth.

Popularity: 5% [?]

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