Home > News > Business India News

India-Colombia talk business

Posted on Feb 11, 06:49PM | IBNS

New Delhi, Feb 11 : The Second Meeting of Joint Committee of Business Development Cooperation between India and Colombia was held on Monday in New Delhi.

Carlos Andres de Hart Pinto, Vice Minister of Entrepreneurial Development, Colombia and Indian Commerce Secretary S R Rao met to discuss issues of concern of both sides.

A lot of emphasis was made on improving bilateral trade and investment between the two countries.

Specific sectors such as Mines and Minerals, textiles, engineering, automobile, pharmaceuticals and Biotech, transport sector, infrastructure development, strengthening human capital, cluster development of certain sectors, knowledge transfer, services trade (IT, software engineers, BPOs) have been identified for enhancing collaboration and co-operation, said the government in a release after the meeting.

"It was decided to constitute Joint Working Group (JWG) in five sectors viz pharma/biotech, IT, FMCG, Auto, engineering and transport, textiles to formalize the structure and follow up enhancement in value chains in these sectors. Both sides decided to consider flexibility in Visa issues. Cooperation in tourism sector was also explored," said the government.

It has been decided to set up a CEO forum for discussion on various issues at the level of B2B which will be co-chaired by business stalwarts from both sides.