Dear Editor,
It is very refreshing to see Indian missions overseas finally taking active steps to encourage Indian enterprises to explore new opportunities. I read the Vantage point piece that was published in India Business Law Journal last month and thought it was great. I do feel, however, that the author completely underplays Brazil as an investment destination. It is one of the biggest sugar producers in the world and by default one of the largest confectionery producers.
Having said that, there is no doubt that trade between many Latin American countries and India has risen. Panama, Curacao and Brazil have always been major players in the trading world.
The rest of Latin America now seems to be following suit and opening up their economies to the world. This is not only limited to big-ticket products but also FMCG goods.
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