S Jaishankar said that New India and New Panama will work together in the contemporary era.
Panama City:
External Affairs Minister S Jaishankar has said that India is exploring the possibility of opening a logistics hub in Panama for Indian companies. He stressed that the country’s trade with Latin America is growing and is approaching $50 billion.
The minister reached Panama on Monday from Guyana. He met President Nieto Cortizo and gave him the personal greetings of Prime Minister Narendra Modi.
S Jaishankar tweeted, “His strong resonance with PM Modi’s ‘Panch Prana’ reflects the strength of our Global South bond and shared vision for the world. Valued his guidance to take our bilateral and multilateral partnership forward.” “
Nieto Cortizo said, during their meeting, they talked about their desire to tie up with the Indian pharmaceutical industry to get quality, effective and affordable medicines for the people of Panama.
He tweeted, “We also discussed our interest in the development of a center of technological excellence and innovation, opportunities for cooperation and the benefits our country offers for commercial exchanges and establishment of more companies between Panama and India.” let’s talk.”
S Jaishankar also met his counterpart Janaina Tevane Menkomo and discussed ways to strengthen bilateral ties. Later he addressed the media.
New India and New Panama will work together in today’s era.
thanks fm @JanainaGob for hosting us tonight. Nice to meet SiCA colleagues. Look forward to our discussions tomorrow.
My vlog from Panama: https://t.co/GOPMD2eQC5pic.twitter.com/JmBNGYvTmk
– Dr. S Jaishankar (@DrSJaishankar) April 25, 2023
S Jaishankar said, “Most of the conversation focused on how to deepen our friendship, and how to enhance our cooperation. The specific issues we discussed were related to trade and investment, where Indian companies There were possibilities of locating a logistics hub for Said.
They said they deliberated on the challenges of affordable healthcare in the world including the region, more decentralized production of medicines and discussed the possibilities in energy and renewable energy.
He said that New India and New Panama will work together in the contemporary era.
“It fills me with joy to welcome my counterpart @DrSJaishankar to the Bolivar Palace. Accompanied by a high-level delegation from the national government, we will discuss our country’s progress as an energy and logistics hub and as a strategic business and Let’s share the potential and the investment point,” Menkomo tweeted.
Panama has established itself as a major logistics hub in Latin America.
Janaina Tevane Menkomo said her meeting with Jaishankar was an opportunity to discuss issues on a common agenda and strengthen bilateral ties based on shared values.
“Delighted to welcome all participants of the LAC-India Business Forum, an initiative that promotes growth and economic dynamism between our region and the world’s fifth largest economy. We look forward to serving as a strategic point for trade and investment I promote Panama.”, he tweeted.
S Jaishankar also delivered the keynote address at the India-Latin America business event here on Monday.
In his address, he gave ten reasons why India’s business cooperation with Latin America has strong merits and efforts.
“India-Latin America trade of about $50 billion is highly diversified. Significant increase in investment and interest in mining, energy, agriculture and infrastructure sectors will further strengthen it,” he said.
The minister said that as the fifth largest economy, India’s presence around the world is growing rapidly, the changes in manufacturing, infrastructure, innovation and start-up culture within the country are transformational.
S Jaishankar said that by providing vaccines to 100 countries and medicines to 150 countries, India has been hailed by all as the “pharmacy of the world”.
He said long-awaited reforms in India have led to record Indian exports, even as he lauded Latin America as an attractive market.
He added that a strong digital backbone in India allows distribution of public goods and tools of trade.
Manufacturing pickup and support to vendor chains and MSMEs through production linked incentives. Jaishankar said Indian products are a natural fit for the Latin American middle class.
He said that Indian project execution has grown across geographies, and Made in India and Distributed by India are becoming a reality globally.
Indian agriculture is making progress in yield, quality and technology. He said it has external effects.
“Indian talent and skills today see the world as one workplace. Initiatives like Skill India, Startup India and the New Education Policy are a part of this mosaic,” he said.
Jaishankar also met members of the Indian-origin National Civil Defense System in Panama.
After his visit to Panama, Jaishankar will travel to Colombia, where he will meet several top leaders of the country and review bilateral relations with his Colombian counterpart Alvaro Leyva Duran.
Jaishankar on Monday joined Guyana President Irfan Ali at the launch of a Made in India ferry that will enhance connectivity and provide mobility and economic opportunities to remote areas of the country.
Jaishankar is on a nine-day visit to Guyana, Panama, Colombia and the Dominican Republic, his first visit to these Latin American countries and the Caribbean as External Affairs Minister.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)