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the Latin America region, which has vast swathes of fertile land.
♤ Brazil, for example, is an agriculture superpower with not just rolling acres of arable land, but is also equipped with cutting edge food storage technologies. Argentina, too, is a leader in agricultural research. The two sides are poised to set up more joint ventures and research collaborations in this area in days to come.
♤ Latin America has also emerged as an important source of hydrocarbons for India in the last few years, with the region contributing around 10 per cent of India’s energy imports. India is set to step up collaboration with Brazil in the area of eco-friendly ethanol. Venezuela, Colombia, Mexico and Cuba are some of important suppliers of oil to India in the region.