India and Latin America: When a Rising Power and an Emergent Growth Pole Engage
... commercialism over mercantilist investment. In contrast to the Indian State, which has been relatively tepid, in engaging, far away Latin America, it is India Inc., which has tended to be much more proactive. Outside of the Oil and Natural Gas Corporation (ONGC) ... ... stakes in mineral and metals mining, across Bolivia, Ecuador, Peru; investing in holdings of agri-commodities from Sugar in Brazil to Soya in Argentina, and beyond; and in establishing manufacturing facilities in automobiles, besides nesting research, development and technology centers through the pharmaceutical (Ranbaxy, Reddys’ Laboratories, etc.,) and information technology (Tata Consultancy ...