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1.2.5. Defence

South America is also a lucrative defence market for India. Among the more prominent sales of Indian defence products in the region have been:

♤ The sale of two Mahindra Rakshak armoured vehicles and one Mahindra Rapid Intervention Vehicle to Guyana Police Force.

♤ 139 Ashok Leyland 4x4 trucks to the Honduran Army.

♤ Mahindra 4x4 vehicles to Argentina, Uruguay and Belize.

♤ 29 Mahindra Marksman vehicle to the Chilean Carabineros Special Forces

 

♤ Two civil model Dhruv helicopters to Peru.♤ With a target of US$500 billion in trade and US$250 billion investment in the region by 2025, China is working to establish itself as the dominant economic power in the region.♤ The challenge for India is how to engage in a region that China has similarly set its eyes on.♤ The Pacific Alliance, a Latin American trade bloc, currently has four member states— Chile, Colombia, Mexico and Peru—that all border the Pacific Ocean. India was granted ‘observer’ status in the bloc in 2014.♤ NAM can be a good mechanism and platform to cooperate.♤ The First Meeting of the India-CARICOM Joint Commission was held in Georgetown, Guyana on 2nd June 2015.♤ On June 2003, the Andean Community and India established a Political Dialogue and Cooperation Mechanism♤ SICA: The Central American Integration System (Spanish: Sistema de la Integración Centroamericana, or SICA) has been the economic and political organization of Central American states since February 1, 1993.

  

 

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