NewsWhore
06-26-2009, 05:02 PM
India will experience the greatest rate of growth in 2010, with a World Bank forecast increase in GDP of 8% in 2010, more than China at 7.7%, says Fernando Gonzalez Nicolas, president of the Caribbean Trade Consortium. He says that bilateral trade between India and the DR in 2008 totaled US$44 million, with potential for a marketed increase.
"India has all the conditions to become a major source of raw materials, technology, equipment and investments for the DR," he says.
Gonzalez Nicolas, a major local trade promoter, says that talks are under way with Tata, the largest corporation in India with US$62 billion in annual sales, with a view to setting up a Dominican operation.
Gonzalez also highlighted India's potential as an investor, making the point it is already the second largest investor in Great Britain.
The Embassy of the Dominican Republic in India is coordinating a trade mission to the DR together with Center for Export & Investment (CEI-RD) and the Ministry of Foreign Affairs, to take place before the year ends, says Dominican Ambassador in India, Hans Dannenberg Castellanos.
"In the three years our mission has been open in New Delhi, there has been an increased awareness of our country, our free trade agreements and the potential for investment for Indian nationals," he says.
He said that the Dominican Embassy has actively promoted the country as a strategic regional business hub as well as positioning the country in the minds of large Indian Outbound Tour Operators, by holding seminars and workshops together with the CII (Confederation of Indian Industries) in most large Indian cities.
"Indian outbound tourism is dramatically increasing every year and according to the World Tourism Organization it will be one of the largest tourism generators in the world by 2015", said Ambassador Dannenberg, encouraging the DR tourism sector to make the most of the Indian travel boom.
More... (http://www.dr1.com/index.html#6)
"India has all the conditions to become a major source of raw materials, technology, equipment and investments for the DR," he says.
Gonzalez Nicolas, a major local trade promoter, says that talks are under way with Tata, the largest corporation in India with US$62 billion in annual sales, with a view to setting up a Dominican operation.
Gonzalez also highlighted India's potential as an investor, making the point it is already the second largest investor in Great Britain.
The Embassy of the Dominican Republic in India is coordinating a trade mission to the DR together with Center for Export & Investment (CEI-RD) and the Ministry of Foreign Affairs, to take place before the year ends, says Dominican Ambassador in India, Hans Dannenberg Castellanos.
"In the three years our mission has been open in New Delhi, there has been an increased awareness of our country, our free trade agreements and the potential for investment for Indian nationals," he says.
He said that the Dominican Embassy has actively promoted the country as a strategic regional business hub as well as positioning the country in the minds of large Indian Outbound Tour Operators, by holding seminars and workshops together with the CII (Confederation of Indian Industries) in most large Indian cities.
"Indian outbound tourism is dramatically increasing every year and according to the World Tourism Organization it will be one of the largest tourism generators in the world by 2015", said Ambassador Dannenberg, encouraging the DR tourism sector to make the most of the Indian travel boom.
More... (http://www.dr1.com/index.html#6)