India put the spotlight on Guyana’s development and investment potential at a crucial gathering of top government heads and business leaders of Indian, Latin American and Caribbean regions.
The ninth CII India-LAC Conclave (Confederation of Indian Industry India-Latin America and Caribbean Conclave) held early this month (August 3-5) in New Delhi showcased monumental business opportunities and collaborations in areas of health, trade, technology, culture, energy and food security.
The India-LAC Conclave is a significant diplomatic and economic forum that brings together stakeholders from India, Latin America, and the Caribbean regions.
The conclave, which saw 11 countries across the Latin American and the Caribbean regions participate, primarily aims at fostering partnerships, collaborations, and discussions to tap opportunities in various sectors, including trade, investment, technology, culture, and more.
It serves as a platform for leaders, government officials, business executives, and experts to engage in dialogues that promote cooperation and mutual growth between India and the LAC countries.
Led by Chief Investment Officer Dr Peter Ramsaroop the delegation from Guyana included Health Minister Dr Frank Anthony, National Security Advisor Captain Gerald Richard Gouveia, and GoInvest CEO as well as officials from the India-Guyana Chamber of Commerce.
India’s External Affairs Minister S Jaishankar led the inaugural plenary that deliberated on “Advancing Economic Partnerships for Sustainable Growth”, where he urged for building a partnership between India and the Latin American-Caribbean countries that goes beyond regional concerns and contributes to finding solutions for global issues.
While bilateral and regional cooperation remains vital, he said that there is a need for addressing global challenges and planetary concerns by India and the Latin American-Caribbean countries.
In a virtual address, President Dr Mohamed Irfaan Ali, underscored the profound significance of the Guyana-India relationship and highlighted the need to expand investment opportunities between the two nations.
In his keynote address, Dr Ramsaroop built on Dr Jaishankar’s insights to bring attention to Guyana’s promising investment opportunities as a regional leader in food security, climate services and energy.
He highlighted the economy’s diversity, natural resources and technology that can generate remarkable opportunities for collaboration and strategic partnerships with India and Latin American and Caribbean countries.
Dr Anthony identified opportunities in key sectors such as agriculture, healthcare, technology and infrastructure. He underscored the need to leverage the research, pharmaceuticals and innovative technology solutions that India provides.