India plans to open logistics hub for Indian companies in Panama: EAM Jaishankar

EAM Jaishankar said India is exploring the possibility of opening a logistics hub for Indian companies in Panama

India is exploring the possibility of opening a logistics hub for Indian companies in Panama, External Affairs Minister S Jaishankar has said, asserting that the country's trade with Latin America is growing and nearing $50 billion.

The Minister arrived in Panama on April 24 from Guyana. He called on President Nito Cortizo and conveyed the personal greetings of Prime Minister Narendra Modi to him.

“His strong resonance with PM Modi’s “Panch Prann” reflects the strength of our Global South bonds and shared outlook for the world. Valued his guidance for advancing our bilateral and multilateral partnership,” Mr. Jaishankar tweeted.

Mr. Cortizo said, during their meeting, they talked about the will to make an alliance with the Indian pharmaceutical industry to achieve quality, effective and cheaper medicines for Panamanians.

"We address the commercial exchange between Panama and India and the advantages that our country offers for the establishment of more companies; also about the opportunities for cooperation, and our interest in developing a centre of technological excellence and innovation," he tweeted.

Mr. Jaishankar also met his counterpart Janaina Tewaney Mencomo and discussed ways to strengthen the bilateral relationship. They later addressed the media.

"Much of the talks were devoted to how to deepen our friendship, and how to expand our cooperation. Among the specific issues we discussed were those pertaining to trade and investment, the possibilities of exploring a logistics hub here for Indian companies," Mr. Jaishankar said.