CAF's Commitment to India-LAC Collaboration

The 10th CII India-LAC Conclave 2025 served as a pivotal platform to reaffirm the growing strategic partnership between India and the Latin American and Caribbean (LAC) region. This collaboration, spearheaded by CAF - Development Bank of Latin America and the Caribbean, aimed to foster trade, investment, and sustainable growth.

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The economic relationship between India and LAC countries has witnessed exponential growth over the past two decades. Mr. Hiroshi Wago Rojas, Director of Global Partnerships, CAF - Development Bank of Latin America, illustrated this by recalling the remarkable trade expansion: In 2001, trade between the two regions stood at approximately $1.6 billion. By the beginning of this decade, it had surged to $43 billion.

This significant rise reflects the untapped potential of deeper economic integration. However, Mr. Rojas pointed out that around 84% of the trade is concentrated in just four countries—Brazil, Mexico, Argentina, and Colombia. “There is immense potential in emerging markets such as the Caribbean Community (CARICOM) and the Andean region, which hold significant growth opportunities,” he underlined.

CAF’s commitment to fostering stronger cooperation was further reinforced with the signing of a Memorandum of Understanding (MoU) with the Confederation of Indian Industry (CII). This partnership aims to create a robust platform for ongoing public-private dialogue.