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2011-04-28

Scindia heads to Uruguay and Argentina

The Uruguayan business seminar will be addressed by the Uruguayan Vice President Danilo Astori and Industry Minister Roberto Kreimerman.

Minister of State for Commerce and Industry Jyotiraditya Scindia would travel to Argentina and Uruguay next week along with a strong business delegation.

Scindia will be the keynote speaker at two business seminars at Montevideo, Uruguay on May 2 and Buenos Aires, Argentina on May 3, being organised by the Indian embassy.

According to officials, the minister will be acommpanied by a 20-member business delegation, led by chief executive officer of United Phosphorus Limited, Jai Shroff, whose company has invested over $700 million in South America.

In Uruguay, Scindia will meet with Foreign Minister Luis Leonardo Almagro Lemes. His engagements include a visit to a warehouse in Montevideo, which is planned to be used a nodal centre for storage and distribution of Indian goods in Latin America.

The Uruguayan business seminar will be addressed by the Uruguayan Vice President Danilo Astori and Industry Minister Roberto Kreimerman.

At both seminars, Export Import Bank of India will make presentations about the Lines of Credit being offered for trade, investment and joint ventures with Latin America.

They will majorly concerntrate in Uruguay on Tata Consultancy Services and Geodesic, which employ nearly 1000 staff.

The minister will next go to Argentina where he will jointly inaugurate a new plant of Indian pharmaceutical company Glenmark along with Argentine Industry Minister Debora Giorgi.

The $20 million dollar plant will be the global centre of Glenmark's production of oncological products.

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