On December 19, 2024, Ambassador Mariano A. Caucino of Argentina praised India’s economic reforms, describing them as a global model for economic transformation. During a seminar titled “Argentina’s Investment Opportunities 2025” at the Argentine Embassy in New Delhi, he highlighted the deregulation measures India initiated in the 1990s and their relevance to Argentina’s current economic strategies under President Javier Milei.

The ambassador emphasized Argentina’s admiration for India’s success in becoming the fifth-largest economy, stressing that economic liberalization and globalization played a pivotal role. He noted that Argentina aims to replicate these policies, particularly in deregulating industries and fostering private investment. President Milei’s administration has introduced a “Large Investments Incentive Regime,” offering significant benefits to foreign investors, including 40 years of legal and tax stability.

Bilateral trade between India and Argentina has reached $4.6 billion, driven by Argentina’s role as a key supplier of soybean and sunflower oil to India. Recent Indian investments in Argentina’s Catamarca province, focusing on lithium, copper, and gold exploration, further highlight the countries’ economic collaboration.

The event also underscored Argentina’s mining and renewable energy opportunities, as presented by CAMYEN, Catamarca’s state-owned energy company. The province boasts rich resources like lithium, critical for electric vehicles, supported by a favorable legal and regulatory framework​.

GTTCI actively participated in the seminar, with GTTCI President and Advisor Amb. Khatua engaging with the Argentine delegation. These interactions reinforced the commitment to fostering deeper ties between the two nations.

Ambassador Caucino concluded by inviting Indian investors to explore Argentina’s potential, emphasizing the shared vision of economic growth and sustainable development through strategic partnerships.