"Argentina is a perfect investment platform for Indian companies keen to tap opportunities in the growing market due to its strategic location advantage and immense connectivity," said Ambassador of the Argentine Republic, Raul Ignacio Gustavino here, while addressing a PHD Chamber seminar on Monday.

In 2012-13, the bilateral trade between the two countries was estimated at USD 1.8 billion. Argentina expects its trade with India to grow more than two-times to about USD 4 billion in next five years.

India's exports to Argentina comprise organic chemicals, vehicles and auto parts, lubricants, machinery, sound and image devices and fabrics, among others.
India's imports from Argentina include products such as soybean oil, sunflower oil, leather, wool and ferro alloys. However, the two economies must further trade and investment opportunities through exchange of delegations, seminars and meetings, said Guastavino.
While interacting with industrialists, Guastavino said sectors like IT, automotives, mining, oil and gas exploration, technological goods, research, renewable energy and agri-business are the key areas for collaboration and partnership with counterparts in Argentina.

Also speaking at the event, PHD Chamber Director Dalip Sharma said, "The future prospects for trade and investment between India and Argentine Republic are significant.

"The in-built complimentary (nature) of the economies of both our countries offers innumerable opportunities and it is important that we build on the existing strong relations."
Sharma also stressed on the fact that it is important to accelerate efforts for the growth of bilateral economic cooperation, particularly in view of the current economic scenario.

"There is a need for greater synergy of efforts between the business communities of both the countries to accelerate the two-way cooperation," he added.

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