Bolivian Ministers to Visit India
Over the next week, for the first time, two Senior Ministers of the Government of the Plurinational State of Bolivia will be on a visit to India.
At the invitation of Hon’ble Mr. Manohar Parikkar, Defence Minister of India, H.E. Mr. Reymi Ferreira Justiniano, Minister of Defence of the Plurinational State of Bolivia, will be visiting India to participate in DEFEXPO India 2016 to be held in Goa from March 28 -31, 2016. The Bolivian Minister is accompanied by Col. Felipe Eduardo Vasquez Moya, General Manager of COFEDENA, a Bolivian military enterprise. DEFEXPO India 2016 provides an ideal platform for showcasing latest technology and developments in Land, Naval, and Security Defence Systems. During his visit, the Minister will interact with many Indian defence sector enterprises displaying India´s military hardware, software and services and also explore possibilities of mutual cooperation. The Bolivian Minister will also hold a meeting with his Indian counterpart on the sidelines of the Exhibition.
At the same time, another very senior Minister of President Evo Morales´s Cabinet, H.E. Mr. Rene Orellana Halkyer, accompanied by Vice Minister of Treasury and Public Credits, Mr. Sergio Cusicanqui Loayza and Mr. Franz Zubieta, Director of International Arbitration at the Attorney General Office of Bolivia will also be in New Delhi for meeting with Ministers and senior officials in the Government of India to discuss India´s developmental assistance and Lines of Credit for various
infrastructure projects in development of airports, railways, expressways and setting up of software technology parks. The visiting delegation will also participate in a CII organized business seminar on “Investment Opportunities in Bolivia” to attract Indian private investments into Bolivia.
In recent times, despite the small size of the Bolivian economy, India-Bolivia economic interaction has been growing. Bilateral trade registered more than 95% growth in 2015 as compared to 2014. Indian exports to Bolivia in 2015 were about US$118 million while Bolivian exports to India in the same period were about US$ 196 million. Bolivia has become an important source for Indian gold imports. Bolivia imports cars and motorcycles of popular brands like TATA, Enfield Bullet and also Made in India cars of brands like Suzuki and Hyundai. Of late, some Indian private sector companies have shown interest in the Bolivian market, a country which is endowed with rich and rare mineral resources.
22 March 2016