18.06.2007
Annual General Meeting of the Indo Latin American Chamber of Commerce
The Chamber of Commerce is the brainchild of Dr. R Ravichandran who has travelled extensively in Latin America especially in the Mercosure and Carricom region. Dr. Ravichandran is a walking encyclopaedia on the region and the methodologies for doing trade with the region.
After the brief business session, which was ably handled by Mr. Swaminathan a highly talented Chartered Accountant another founder of the Chamber, the floor was thrown open and many senior executives from companies with presence in the region shared their examples.
Mr. V. Ganesh Ramnan, Senior Manager- Marketing, Shasun Chemicals and and Drugs Ltd who has travelled in Venezuela shared his experiences.
He felt language is not a barrier for doing business in Latin America. After all we Indians do business across a country with nearly thirty different languages! He felt that after Chinese, Spanish would become a major world Language. Most countries in the LAC region speak spanish. THe exception is Brazil where Portuguese is spoken.
He also said the opinion that there would be collection problems in the LAC region was wrong. Only those who travel in the region realise that if you choose the customers and insist on LC terms or advance, there is no default risk. Even otherwise there is no major default risk.
As in Japan, in LAC also relationship matters. But unlike Japan, in most LAC countries the people are friendly and easy going.
Annual General Meeting of the Indo Latin American Chamber of Commerce
The Chamber of Commerce is the brainchild of Dr. R Ravichandran who has travelled extensively in Latin America especially in the Mercosure and Carricom region. Dr. Ravichandran is a walking encyclopaedia on the region and the methodologies for doing trade with the region.
After the brief business session, which was ably handled by Mr. Swaminathan a highly talented Chartered Accountant another founder of the Chamber, the floor was thrown open and many senior executives from companies with presence in the region shared their examples.
Mr. V. Ganesh Ramnan, Senior Manager- Marketing, Shasun Chemicals and and Drugs Ltd who has travelled in Venezuela shared his experiences.
He felt language is not a barrier for doing business in Latin America. After all we Indians do business across a country with nearly thirty different languages! He felt that after Chinese, Spanish would become a major world Language. Most countries in the LAC region speak spanish. THe exception is Brazil where Portuguese is spoken.
He also said the opinion that there would be collection problems in the LAC region was wrong. Only those who travel in the region realise that if you choose the customers and insist on LC terms or advance, there is no default risk. Even otherwise there is no major default risk.
As in Japan, in LAC also relationship matters. But unlike Japan, in most LAC countries the people are friendly and easy going.
No comments:
Post a Comment