As part of the 70th anniversary of the independence of India, Feria India 2017 is taking place in Lima until March 26. This event aims to expose the Indian culture to the Peruvian public and to strengthen bilateral relations. During the fair, Indian multinationals pursue to invest and produce added-value goods in Peru.
The fair gathers 20 Indian multinational enterprises that are seeking to invest in areas like renewable energy, tourism, mining, IT, engineering and agro-industry; furthermore they want to be involved in financial investments and placement of products in the Peruvian market.
There is already a great flow of exports between India and Peru and it is expected to grow in the following years. In 2016, the mining sector led traditional Peruvian exports to India, with amounts totalling US $ 831.5 million. While, the Peruvian market registered a purchase of US $83,6 million in Indian engine car pistons.
The entities responsible for connecting the Indian firms to the Peruvian investments and exports were the Confederation of Indian Industry (CII) in partnership with Lima Chamber of Commerce (CCL) and the Indian Chamber of Commerce (Incham).