Hyderabad: The Ministry of External Affairs has initiated a move to establish a direct sea and air link between India and the Latin American region, as Indian corporates line up significant investments in the oil, mining, IT and pharmaceutical sectors there.
The Ministry has taken up with the Ministries of Shipping and Civil Aviation for establishment of these links.
“Air India will be starting a direct twice-a-week service between India and Panama by next year. This will open up access for Indians to the entire Latin American region,” Dammu Ravi, Joint Secretary (Latin America and Caribbean), Ministry of External Affairs, said.
Absence of a direct sea link is also muting growth of trade between the two regions, as it currently takes about 45 days for a ship from India to reach that part of the world.
05/03/13 Business Line