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From walnuts to wines: Chile caters to Indian taste.
Jul 04, 2023
ProChile, a Chilean organization that promotes resource rich country globally, is keen to bring the Latin American agro-food varieties to India from apples to wines.
Chilean food like kiwifruit, cherries, blueberries, apples, walnuts, and wines are becoming popular in India.
Ignacio Fernandez Ruiz, the General Director of ProChile, visited India recently to explore new opportunities. He was joined by representatives from SOFOFA, a trade association in Chile. The delegation's goal was to strengthen the relationship between Chile and India, Ruiz told ET. ‘Know Chile through Wines’ was also part of Ruiz's mission.
India’s exports to Chile had been growing steadily since 2009. The expanded preferential trade agreement began implementation in May 2017 and since then India’s exports to Chile have increased. The trade has now picked up and recovered in 2021-22.
India’s export to Chile is diversified and constitute motor vehicles/cars, drug formulations, chemicals, products of iron & steel, manmade yarn, fabrics, cotton fabrics, made-ups, RMG Cotton including accessories, auto components, electric machinery and equipment, leather goods, rubber products, bulk drugs, drug intermediates, footwear of leather, iron and steel, aluminum & its product, ceramics & allied products, RMG manmade fibres etc. The top 25 principal commodities constitute 94% of India’s total exports to Chile during 2021. The top 10 constitute the 70%.
Chile can play a big part in India’s green energy transition. Chile with the largest lithium reserves worldwide, is ready to partner with India on tapping into the lithium value chain.
economictimes.indiatimes.com
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