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Home > Business & Investment > Suriname offers tremendous opportunity for Indian companies to access Latin America and EU markets, says Hoefdraad

Suriname offers tremendous opportunity for Indian companies to access Latin America and EU markets, says Hoefdraad

Monday, September 25, 2017
By A Business Reporter

Gillmore Hoefdraad, Minister of Finance, Republic of Suriname (second left) shaking hands with Andrei Nikolaevich Zhiltsov, Consul General, Russian Federation in Mumbai (third left). Also seen are: Rupa Naik, Senior Director, MVIRDC World Trade Centre (left) and Vijay Kalantri, Vice Chairman, MVIRDC World Trade Centre (right).

“Suriname is very keen on strengthening relations with India and the vision of our Hon’ble President is to further strengthen South-South Co-operation and with the BRICS trading blocks. There are tremendous opportunities for Indian companies in sectors such as Oil & Gas, Mining, Gold, Solar Energy to explore and I am here to further facilitate and initiate dialogue to work closely with India and Indian counterparts,” said Gillmore Hoefdraad, Minister of Finance, Republic of Suriname at the Suriname Business Forum organized by MVIRDC World Trade Centre Mumbai and All India Association of Industries.

Although, the population of Suriname is half a million it has tremendous natural resources in the areas of Mining, Gold, Bauxite, Oil & Gas and Copper. This offers Indian entrepreneurs tremendous opportunity to set up industry and supply CARICOM and Latin American Countries (LAC) countries in the light of the Free Trade Agreement (FTA) with them and further, to explore the preferential markets in Europe and ACP states, stressed Hoefdraad.

Earlier in his welcome remarks, Vijay Kalantri, Vice Chairman, World Trade Centre and President, All India Association of Industries (AIAI) said, “India’s bilateral trade with Suriname stands at USD 56 million today. I expect this trade volume to double in the next three years through greater co-operation between both the countries. WTC and AIAI are willing to promote bilateral trade by partnering with trade promotion organizations and industry bodies in Suriname.”

The event was attended by consul generals, representatives of MSMEs, delegates from corporate houses, financial institutions and others.

During the interactive meeting, entrepreneurs from sectors such as jewellery, agriculture, mining, shipping and logistics had interactions with Hoefdraad to explore on business opportunity in Suriname in these sectors.

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