Colombia

website of the Embassy of India http://www.embajadaindia.org/

 

Basic Information

 

Overview of the Market

 

 

India - Colombia Business

Bilateral Trade (US $ million)

 

 

2000

2001

2002

2003

2004 2005 2006 2007 2008

2009

2010 2011

 

Exports from India

 

65

73

88

131

181

248

346

530

530

504

686 976

 

Imports by India

 

3

3

3

-

7

5

63

90

20

449

365 616

 

 

Reliance Industries has signed an agreement
with State oil company, Ecopetrol, to be the operator for two oil blocks in the offshore
Pacific area with a joint surface of 8000 square kilometres at the depth of 60-
1000 metres. Reliance will hold 80% stake and Ecopetrol 20%.

 

United Phosphorus company of India acquires a Colombian agrochemical company

United Phosphorus Ltd (UPL) has purchased ( february 2008) 100% stake through its subsidiary of Evofarms group of Companies (Evofarms), a major Marketing Company of generic products in the crop protection industry headquartered in Bogota, Colombia. The share purchase includes all stocks, products registrations and all other property rights associated with the business of Evofarms.

Evofarms has several product registrations in Colombia and has a distribution network covering over 100 customers.


United Phosphorus Ltd (UPL) is the largest Indian agrochemical player and among the top three generic players globally in this industry. It is engaged in research, manufacture and distribution of agrochemicals and specialty chemicals worldwide. They have already acquired four companies in Argentina.

United Phosporous Ltd( UPL) has acquired in June 2010 the global non-mixture mancozeb fungicide business and related assets from DuPont, including existing inventory, manufacturing and formulation production facilities in Barranquilla, Colombia.

FANALCA, a Colombian company in the auto and mass transit sector, started a second line of business in the field of home care services, particularly in collection and processing of solid waste. They have got a contract  for garbage collection in one third of the city of Chennai employing 2600 Indian workers.

 

Colombia posts investment promotion officer at their embassy in delhi

Colombia is the first Latin American country to open an office to attract Indian investment into their country.

Alejandro Peláez, who was Foreign Investment Advisor at PROEXPORT COLOMBIA has joined the Colombian Embassy from December 2008

 

 

Trade and Industry Contacts

Exports and investment promotion www.proexport.com

Trade www.coltrade.org

Federation of Chamber of Commerce www.confedecamaras.com