Commerce and Industry Minister Piyush Goyal has stressed upon the need for enhanced collaboration and trust-building between India and Latin American and Caribbean (LAC) region. Addressing the Special Ministerial Session at the 9th CII India-LAC Conclave in New Delhi, Mr Goyal said, India and the LAC region must work towards larger Global South cooperation in various multilateral forums. He highlighted potential for bilateral collaboration between India and LAC region to stimulate greater investment inflows and integrate supply chains. Mr. Goyal presented the four-point agenda for deeper cooperation between India and the LAC region. These include Boosting Trade Flows and Leveraging Bilateral Partnership.
 
During the session, the Minister also underlined India's aspiration to achieve a 35-trillion dollar economy by 2047. The Minister expressed confidence that this ambitious goal would open up numerous avenues for robust India and LAC partnerships. He further invited the LAC nations to join the development journey of India to work together as trusted partners and expand shared interests.