SOLEMN group, a government recognized export house has signed the first ever MOU with the duty free port of Montevideo in Latin America with Ruben AzarSacrone, President, Grupo RAS, at Montevideo, Uruguay.

This initiative will revolutionize and boostexports from India in the upcoming and opportunistic market of Latin America, serving as a gateway to all states in the Latin American region – Brazil, Argentina, Bolivia, Uruguay, Paraguay, Chile, Mexico and Panama.

The agreement between SOLEMN and Grupo RAS is set to change all that, as the Port Trade Center where SOLEMN is setting up  a permanent warehouse and showroom with inventory,  is exempted from all taxes and duties. For Indian manufacturer-exporters, this is an easy, smart and competitive way to develop sales and distribution channels in South America.

Announcing the agreement, ShyamTandon, Chairman and Managing Director, SOLEMN group said, “Considering the ongoing recession in the export arena internationally, currently Latin America is the only region and upcoming market which can provide the required thrust and opportunities for the Indian Export Industry.

Upcoming International events in South America like the FIFA world cup scheduled to be held in Brazil from 12^th June to 13^th July, 2014 and summer Olympics scheduled to be held in Rio de Janeiro Brazil on Aug 5-21, 2016 and many other important International events will give an added boost to business and consumption in these markets.