For growth in trade, the EXIM bank of india is planning to extend its line of credit to venezuela, which is expected to help Indian and Venezuelan traders. A major reason is India’s increasing focus on developing Asian and Latin American markets in recent years, diverting from Western developed countries. However, exchange of direct investment between the two countries is deplorable. Presently, while investment from Venezuela to India is zero, FDI from the Indian side is not much either.
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Source:- IIPM Editorial
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