d - Mahratta Chamber Of Commerce Industries & Agriculture Pune
d - Mahratta Chamber Of Commerce Industries & Agriculture Pune
d - Mahratta Chamber Of Commerce Industries & Agriculture Pune
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34<br />
Energy Other Indian companies with long<br />
term stakes in Latin America's energy<br />
Non conventional Energy:<br />
OVL (ONGC Videsh Ltd) has sector are Bharat Petro Resources, In the non-conventional energy<br />
acquired off-shore oil fields for about subsidiary of BPCL, along with sector, Brazil has emerged as a global<br />
500 million dollars in Brazil. Videocon International, Reliance, Jindal pioneer and leader in fuel ethanol and<br />
and Assam Company. more countries in the region are<br />
OVL, IOC (Indian Oil Corporation)<br />
following their lead. Argentina is the<br />
and Oil India are also part of a South America is becoming a leading exporter of biodiesel produced<br />
consortium in the exploration and major player in the global petroleum from soya. Many projects are coming up<br />
production of oil in the Orinoco region of market. Brazil has discovered large in the arid areas of Brazil, Argentina, and<br />
Venezuela. With an 18% share, the new reserves of oil and is set to become Paraguay as well as in Central America<br />
Indian investment in this project is 2.18 a significant exporter. Venezuela is and Caribbean to grow jatropha for<br />
billion dollars. The field will start already the Saudi Arabia of the region biodiesel. Indian companies can enter<br />
producing 400,000 bpd of which the with its reserves of over 200 billion this sector for investment and joint<br />
Indian consortium is entitled to 72,000 barrels. Mexico, Ecuador and Argentina ventures.<br />
bpd for 25 years. OVL also has also export crude oil. Colombia and<br />
significant investments in Cuba and Peru also have sizeable oil reserves and Suzlon Energy Ltd of India has set<br />
Columbia and is exploring opportunities are under-explored.<br />
up a 225 MW wind energy project in<br />
in Ecuador and Argentina. north east Brazil.<br />
g§nXm - gßQ>|~a 201<br />
Mining and Minerals<br />
This is another sector in which<br />
Indian companies have begun making<br />
inroads in Latin America, which is<br />
endowed with rich reserves of minerals<br />
such as copper, iron ore, gold, silver and<br />
diamond. India will need more of these<br />
to fuel its high growth and consumption<br />
in the coming decades. There is scope<br />
for mining ventures in Argentina, Brazil,<br />
Chile, Bolivia, Colombia and Peru.<br />
Companies like Jindal Group,<br />
Aditya Birla Group, Tega <strong>Industries</strong><br />
Limited, Essar Group, Arcelor Mittal,<br />
NALCO, Indo Borax and Ispat Group<br />
have set up diverse ventures and made<br />
acquisitions for mining iron ore,<br />
aluminium, copper, borax as well as for<br />
manufacturing steel.<br />
Automobiles<br />
Latin America offers a huge scope<br />
for collaborative ventures for the Indian<br />
automobile industry. Auto majors like<br />
Mahindra, Tata Motors, Sonalika, Bajaj,<br />
TVS, Hero Group have either already<br />
entered into joint ventures or are<br />
aggressively exploring strategic<br />
partnerships in the region.
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