India- Latin American nations boost trade ties.

India and countries of the Latin American and Caribbean region have huge potential to boost economic ties in areas like agriculture, health, energy and information technology, the commerce ministry said on Thursday. Quoting Commerce and Industry Minister Suresh Prabhu who addressed diplomats of the Latin America and Caribbean (LAC) Strategic Economic Cooperation on Wednesday, it said there is a need for a multi-pronged strategy to enhance bilateral trade in merchandise and services. "India, as a fast growing developing economy is experiencing burgeoning food and energy needs, and therefore, deeper ties with partners in the LAC region could prove to be mutually beneficial," it said.

The ministry said that Indian companies could form joint venture projects for cultivation of...