India enjoys a Preferential Trade Agreement with MERCOSUR and also enjoys Observer member status in Pacific Alliance group. India's exports to Latin America have grown at a robust rate. Indian pharmaceuticals, automobiles, textiles, chemicals, machinery and other value added products have found dedicated customers all over the region. India’s total export with the various countries of Americas region stood at US$ 52 billion whereas total import from the region stood at US$ 36 billion during the year 2024-2025 (Apr-sep).

Objective

India has become a major trading partner of many countries in the region. It has also sought to engage the countries of the region- on a bilateral and multilateral basis - with a view to expanding these economic links. The year 2022 saw the opening of two new missions in the Latin America and Caribbean Region (LAC) – Paraguay and Dominican Republic. These missions in the region are expected to further enhance India’s presence as well as open new markets for companies and further improve exports of goods and services. The smaller countries in the region are looking to India for building up its infrastructure, security solutions to deal with illegal immigration and crimes, best practices in the space sector, health, education, renewable energy and much more.The conference aims to strengthen and invigorate India-America connections, unlocking the full potential of trade and investment opportunities between the regions.

In the energy sector, India’s collaboration with the Americas has strengthened, particularly with the United States and Latin American countries. India’s imports of Liquefied Natural Gas (LNG) from the U.S. reached $15 billion, driven by long-term agreements with companies like Cheniere Energy and Tellurian. Indian companies, including ONGC Videsh and Reliance Industries, have invested over $3 billion in U.S. shale gas and oil assets to ensure stable energy supplies. In Latin America, energy partnerships with Brazil, Mexico, and Argentina have expanded, with Indian firms investing $2 billion in renewable energy projects such as solar farms and wind energy parks. Under the International Solar Alliance (ISA), India is supporting the installation of 1.5 GW of solar power across the region, with funding worth $1 billion to drive clean energy adoption.

Defense cooperation has been a key pillar of India-America relations in 2024-2025. Defense trade between India and the United States surpassed $26 billion, including significant deals for MQ-9B Predator drones and the co-production of General Electric jet engines for India’s fighter aircraft. The U.S.-India Defense Technology and Trade Initiative (DTTI) has led to the establishment of joint ventures for advanced defense systems, strengthening India’s defense manufacturing capabilities. Joint military exercises, such as Yudh Abhyas 2024 and Malabar 2025, have further enhanced interoperability and regional security cooperation. India has also signed defense cooperation agreements with Brazil and Mexico, facilitating technology transfer and training programs, with defense trade valued at $800 million in Latin America.

Infrastructure development remains a priority for India’s collaboration with the Americas. Under the India-U.S. Infrastructure Partnership, the U.S. International Development Finance Corporation (DFC) has committed $4 billion for investments in urban transportation, smart cities, and logistics hubs in India. Indian firms, in turn, are participating in infrastructure projects across Latin America, including port modernization, transport corridors, and rail networks, with investments worth $2.5 billion in Argentina, Peru, and Chile. Brazil and India have launched joint initiatives to improve digital and physical connectivity, fostering trade linkages and regional integration.

India’s healthcare cooperation with the Americas has expanded, with pharmaceutical exports to the region reaching $12.5 billion in 2024-2025. India remains a leading supplier of affordable medicines and vaccines to North and South America. Under the Global Vaccine Partnership, Indian companies such as Serum Institute of India and Dr. Reddy’s Laboratories have committed $1.5 billion to establish manufacturing and distribution hubs in Mexico, Brazil, and the Caribbean. The India-U.S. Health Innovation Program, valued at $500 million, supports advancements in telemedicine, healthcare technology, and pandemic preparedness. India’s digital health solutions are helping to bridge healthcare gaps in rural and underserved regions across Latin America.

In agriculture, trade between India and the Americas reached $11 billion, with significant imports of edible oil, pulses, and grains from Argentina, Brazil, and the United States. Indian firms have invested $1 billion in Latin American agriculture, focusing on precision farming, irrigation systems, and food processing infrastructure. The India-U.S. Agricultural Partnership has facilitated joint research in sustainable agriculture and climate-resilient farming technologies, while Indian companies are helping modernize food supply chains in Colombia, Chile, and Peru.

India’s technology and digital partnerships with the Americas have reached new heights. Indian IT exports to the United States and Latin America have grown to $85 billion, with major Indian IT firms such as TCS, Infosys, and Wipro expanding operations across North and South America. Under the India-U.S. Initiative on Critical and Emerging Technologies (iCET), the U.S. has committed $10 billion to support India’s semiconductor manufacturing capabilities through partnerships with companies like Micron Technology and Applied Materials. Indian and U.S. firms are collaborating on AI, quantum computing, cybersecurity, and clean technologies, fostering innovation and job creation. Meanwhile, India and Mexico have launched the Digital Partnership Program, with investments worth $1 billion in fintech, e-governance, and IT infrastructure development.

India’s growing engagement with the Americas reflects a shared vision for economic growth, energy security, and sustainable development. The strategic partnerships with the United States, Latin America, and the Caribbean are driving investments in key areas such as clean energy, defense, infrastructure, healthcare, agriculture, and technology. With major trade agreements, new joint ventures, and a focus on people-centric initiatives, India and the Americas are poised to deepen their collaboration in 2024-2025, fostering mutual prosperity, innovation, and regional stability.