“My main objective of this visit is to connect business community of India and Colombia. Both the countries are not very far off geographically as we share same Pacific Ocean.
We have many similarities in culture, tradition, music, democracy and other areas. Colombia is the third fastest growing economy in the world with GDP growth of 10.6% last year
and we need the support of India in this growth journey and eradication of poverty. Colombia can be a gateway for Indian companies to America and other regions as we have signed
free trade agreement with 18 countries, including USA, Singapore and countries in European Union, Pacific Alliance and MERCOSUR,” said H. E. Ms. Marina Pacheco, Ambassador of Colombia
to India at an interactive meeting organised by MVIRDC World Trade Center Mumbai and All India Association of Industries (AIAI).
The ambassador remarked that the forthcoming visit of Colombian President H.E. Iván Duque to India in April 2022 will open new chapter in bilateral relations in areas energy security, joint production of vaccine, collaboration in electric vehicle, renewable energy and digital technologies, to name a few.
Ambassador Pacheco suggested Indian companies to set up operations in the special economic zones in Colombia and export to the rest of the world as the country is strategically located with access to Atlantic and Pacific Ocean, besides Panama canal.
Ambassador Pacheco raised hope that both the countries will soon enter into joint venture in pharmaceutical sector as Indian companies such as Serum Institute, Bharat Biotech, Genova Biotech and Biological E are exploring to set up fill-and-finish facility in Colombia for supply to the entire American Continent.
Speaking about bilateral ties in other sectors, the Ambassador mentioned, “Automobile, IT and ITeS, agrochemicals are some of the other areas where we have strong collaboration. India’s two wheeler firm Hero MotoCorp has one of the most successful operation outside India in Colombia. Mahindra & Mahindra is exploring the option to assemble tractors in Colombia.