Transcript Focus Chile: India`s Partner in Latin America

May 27, 2009
“In religion and culture, India is the
only millionaire! There is only one
India, the land of dreams and
romance. The one land all men
desire to see, and having seen once,
by even a glimpse, would not give
that glimpse for the shows of all the
rest of the globe combined. India is
the cradle of the human race, the
birthplace of human speech, the
mother of history, the grandmother
of legend, and the great
grandmother of tradition. Our most
valuable and most instructive
materials in the history of man are
treasured up in India only.”
- Mark Twain
A Federal Democratic Republic
Population: about 1.2 billion.
Capital City: New Delhi has a population of 17 million people
GDP (official exchange rate) : US$1.2 trillion (2008)
GDP (PPP) : US$ 3.267 trillion (2008)
GDP per capita (PPP): US$2,762 (2008)
Annual Growth: 9.0% (2007-08)
7.1% (2008-09)
Major Industries: Textiles, chemicals, pharmaceuticals, IT, food
processing, steel
Literacy rate: 64.8%, with 53.7% of females being literate.
The sex ratio: 933 females for every 1000 males.
The Indian Economy is the second fastest growing
economy in the world with 7.1% GDP expansion in
2008-09 and per capita income growing at 7.4% per
annum.
India has an economy ranked as the twelfth largest
in the world in terms of currency conversion.
India has also emerged as an important regional
power, possessing one of the world's largest military
forces and a declared nuclear weapons capability.
An average economic growth rate of around
9% for three consecutive years.
Goldman Sachs’ report, India’s GDP will
cross:
1 trillion mark by the year 2011
2 trillion by 2020
6 trillion by 2032
10 trillion by 2038
27 trillion by 2050.
Billion-plus strong population
700 million Indians below the age of 24
The second largest reservoir of trained manpower
Over 2 million undergraduates, 300,000 nonengineering post-graduates, over 290,000 engineers
and some 9000 PhDs every year join the work
force.
Diversity: regional, cultural, religious, ethnic etc
The Indian middle class with increasing
purchasing power is almost over 300-million
strong
Largest, varied, and increasingly westernized
and sophisticated consumer demands in one
country
Sharp rise in merchandise growth
International trade in service transactions
Information and bio-technology
Two-way flow of educational services
Educational excellence recognized
Strong well developed private sector whose growth
is encouraged
Increasingly transparent policies for FDI
Independent judiciary and rule of law
Continuity in India’s foreign, economic and
political policies
A reliable partner for long-term economic
collaboration
High technology and trained manpower pool
Supercomputers
Complete nuclear fuel cycle facilities
Placing our own satellites in orbit
English speaking technical work force
A broad convergence of enlightened interests
and aspirations, strategic objectives and security
concerns
Similar approach to development and growth
Mutual keenness to increase bilateral trade,
commerce and international interactions
Both have a role to play in the emergence of a rulebased, multi-polar, democratic and equitable world
order that alone can ensure long term peace,
stability and equilibrium on our planet.
The UN system: working together for making this
international body more representative of present
day realities
A cooperative and comprehensive approach to
combating international terrorism.
Both desire nuclear weapons-free world:
divergence is only in regard to the path leading to
an identical goal.
Key players in global economic management
Both have a role to play in putting an equitable
global trading system in place.
A sound, transparent, equitable and rule-based
multilateral trading system.
Need to work together to achieve a balanced
outcome of the Doha Development Agenda,
particularly in the area of agricultural reform,
Need to coordinate positions in G-20, to ensure
concerns of the developing countries considered
Strong economic player
Growth and Development: Impressive
Democracy forms resilient base for steady
economic growth with stability
Achievements in the economic field:
Green Revolution
Development without foreign aid
Foreign exchange reserves stand at a very healthy
US$241.7 billion. (March,2009)
Size of the economy has doubled
Poverty and Health indicators improved
$2.500,00
$2.000,00
Chile Imports (CIF
Dollars)
Chile Exports (FOB
Dollars)
Trade Balance (US
Dollars)
$1.500,00
$1.000,00
$500,00
$0,00
2004 2005 2006 2007 2008
• Trade between Chile and India has almost quadrupled
-going from U$ 526 million in 2004 to U$ 2221
million in 2008.
Years
Chilean
Exports
Chilean
Imports
Bilateral
Trade
JanApr’
09
217.10
85.90
303.00
2008
1743.61
477.78
2221.39
2007
2211.45
207.73
2419.18
Jan-Apr'2009
2008
2007
2006
2005
2006
1489.16
164.16
1653.32
2005
493.02
134.53
627.55
2004
426.03
100.69
560.56
2004
$0,00 $500, $1.00 $1.50 $2.00 $2.50 $3.00
00 0,00 0,00 0,00 0,00 0,00
Bilateral Trade
Chilean Imports
Chlean Exports
2500
2000
Diversification needed
1500
1000
Exports to Chile
(CIF)
Imports from
Chile (FOB)
Trade Balance
500
0
Dollars (USD)
-500
-1000
-1500
-2000
-2500
2004
2006
2008
Years (2004-2009)
Copper Exports (% Of Total Exports to India)
8%
• 92% Copper
• 8% Wines, iodine,
fish meals, paper
pulp, apples, etc.
92%
Copper
Others
1.
2.
3.
4.
5.
6.
7.
8.
9.
Telecommunication
IT
Mining
Transport
Plastics
Garments
Defense
Satellite
Pharmaceuticals
• Pharmaceuticals- Serum Institute, Wockhardt,
Biocon, Aurobindo, etc.
• Mining machinery: BEML
• Automobiles: Tata Motors, Maruti, Mahindra
• IT and IT enabled services- TCS, iFlex, Polaris,
etc.
• Space research and Satellite- ISRO
• Textiles
• Traditional Medicine- Ayurveda
•
•
•
•
•
•
•
HAL appoints ENAER: service/ sales
ENAER awarded US $1 million contract
HAL test flies ALH in Chile
Joint Agreed statement on defence co-operation
Two NDC study teams visit Chile (2005 & 2009)
India/Chile joint research on Antarctica
Expedition of Indian Navy team to South pole from
Chile Antarctic base (2007)
• First Defence Attaché to Latin America
• Chief of Indian Army Staff visits Chile (May 2006)
• One Indian Army officer attached to Mountaineering
School, Chile (2007)
• First ever visit of Indian Chief of Naval Staff to Chile
(Nov, 2007)
• Two Chilean Army officers attached to
Mountaineering School in India (2008 & 2009)
• One Chilean Navy officer attached to Defence
Services Staff College, Wellington – India for Staff
course (2008-09)
• First ever goodwill visit of Chilean Navy Ship
Esmeralda to India (Sep’08)
• Two Indian Naval officers specialized in Staff duty
from Naval War College, Chile (2006 & 2008)
• Visiting Professor from Indian Army attached to
Chilean Army War College (2008)
• Indian Chief of Army Staff to visit Chile in June,
2009.
• TCS wins Trans-Santiago order for bus management and
back office operations support to a Spanish bank in Chile
(USD 30 million)
• TCS buys back office operation US $23 million
• Thermax India obtains order for biomass fired boiler (USD
400,000)
• CSAV, US $2.7 billion conglomerate, sets up 13 offices in
India for direct shipping
• Indian KPO service provider Evalueserve opens centre in
Chile
• Polaris formally launched in Chile in May, 2009
• IRM Offshore and Marine Engineers Pvt. Ltd. India
obtains order for marine fenders (US$ 530,000)
• Cooperation in the field of New and Renewable
Energy;
• Exchange Programme on cooperation in the field of
Education
• Cooperation in the Exploration and Utilization of
Outer Space for Peaceful Purposes
• Cooperation in the field of Geology and Mineral
resources
• Sanitary & Phytosanitary
• Cooperation in Science and Technology
• Cooperation in Sports
• Air Service Agreement
•
•
•
•
•
•
Antarctic co-operation
Preferential Trade Agreement
Defence Cooperation
Cooperation in Agriculture
Economic cooperation
Visa exemption for holders of official and Diplomatic
passports
• Animal Health (Zoo sanitary Agreement)
• Cultural Exchange Programme
• Cooperation between Foreign Service Institute of
India and Andres Bello Diplomatic Academy of Chile
• Cultural troupe to Chile, November 2008
• India Show’2009 (ITPO)
• Increase of ITEC Scholarships for study
in India
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•
•
•
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BEML: Mining equipment
Technical Education
Copper Mining: Investment
Automobiles
Satellites and commercial applications
Defense Ordnance Sales
Proposed trade delegations from Chemexcil,
Capexil and Council for Leather Exports.
The most dynamic and fastest growing
economy
Constitutes a vast and growing market
A competitive source of technologies and
knowledge-based services
Willing to cooperate for mutual benefit
Time to further partnership for global peace,
development, and progress
THANK YOU