India hopes to increase exports to Colombia to $4 billion over the next three years, said the Asian nation’s Secretary of Commerce during a visit to Colombia.
India’s Secretary of Commerce Rahul Kullar told financial publication Portafolio that although India has the fifth largest reserves of carbon in the world, it is seeking to supply itself with production from countries like Colombia to meet internal demand for energy.
Kullar also said that India is interested in Colombia as a place to launch its exports. “Indian businesses could set up in Colombia and export to Mexico, Chile, Peru and Argentina,” said the minister.
The Indian minister said firms from his country could help Colombia improve its infrastructure, “we are willing to participate in the construction of new railways, ports and airports which would help to increase exports of thermal carbon and products from Indian factories which operate in Colombia.”
Some of the Indian firms which operate in Colombia are; ONGC Videsh, a subsidiary of the state oil and gas company, Reliance, the biggest Indian energy company in the country, and Praj Industries which has six ethanol plants here.