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India's Latin America, Caribbean Ties Grew Under PM Modi, Trade Reached $50 Billion: Jaishankar.
Aug 04, 2023

India’s engagement with Latin America and Caribbean (LAC) countries has increased in the past nine years under Prime Minister Narendra Modi’s leadership and moved towards a new trajectory, External Affairs Minister S Jaishankar said on Thursday as he underlined country’s the upgraded engagement in the region.
 
Addressing the 9th CII India - LAC Conclave here, Jaishankar said India’s bilateral trade in the region surged close to USD 50 billion during the financial year 2022-23. The external affairs minister said these figures are a 'testament to the strength and potential of our economic partnership.'
 
During the conclave, Jaishankar noted that the future of the India-LAC partnership would be based on four important pillars, which include supply chain diversification, resource partnerships, sharing developmental partnerships and addressing global challenges.
    
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