Close Gallery
Fernando Gonzalez Nicolas. File
Zoom Picture

Santo Domingo.- Trade between India and the Dominican Republic reached US$44 million in 2008 and with a tendency to increase, affirms Consorcio Comercial del Caribe president Fernando Gonzalez Nicolas, who stressed the importance of attracting investments from that Asian giant.

“India has all the conditions to be an important source of raw materials, technology and investments for the Dominican Republic and can supply equipment in very competitive conditions,” he said, and cited World Bank estimates that India will become the world’s strongest economy next year with a 8% growth, surpassing China’s projected growth of 7.7%.

The business leader also stressed the convenience of attracting India business groups to Dominican Republic, which he said can play a key role in the development of the national economy.

González Nicolas said among the key groups to attract to this country is Tata, India’s oldest and biggest with 355,000 employees; US$62 billion in annual sales and operating in 98 different business sectors. “This group has presence in Asia, America, Europe, Australia and Africa. It produces steel, chemicals, agro-chemicals, electrical power, medicines, transport equipment, information technology, hotels among others.”

He said as far as international investors India stands out, and cited as an example it’s currently Great Britain’s second largest.

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
55 comment(s)
Written by: juanb, 26 Jun 2009 12:48 PM
From: Dominican Republic
And they haven't lent us any money yet!!!
Written by: RobertoJose, 26 Jun 2009 12:54 PM
From: United States, FREEPORT, Long Island......blues, stripe bass and now doormats
Now , there's a smart man. India has a large population ( At least 10 to 1 ). Thats a lot of Mangos, Pineapples, Sugar cane, etc........ to be sold to that country. We can pay back all that was borrowed and create jobs for the ones that do want to work. ( FREE TRADE WITH INDIA!!!!!!!!)
Written by: FredCDobbs This user is banned, 26 Jun 2009 2:16 PM
From: Dominican Republic, Parque Colon statue of Anacaona
I hope he can attract a good Indian restaurant here we need one
Written by: xwill7, 26 Jun 2009 2:26 PM
From: United States, El cuarto bate
7 eleven's and quicky marts will pop up all over DR. They will also take over the cab business
Written by: FredCDobbs This user is banned, 26 Jun 2009 2:42 PM
From: Dominican Republic, Parque Colon statue of Anacaona
we also get Motel 6 in the bargain and more illegal fireworks http://www.youtube.com/watch?v=uqfxmWbelcQ&feature=related
Written by: RobertoJose, 26 Jun 2009 2:54 PM
From: United States, FREEPORT, Long Island......blues, stripe bass and now doormats
The INGENS aren't that bad. I like them. They always give a HalfAss answer. The head movement - "YES"(The head nods NO)-"NO"(The head nods YES)......"MAYBE"(A Combination of both)
Written by: Ricardolito, 26 Jun 2009 3:47 PM
From: Dominican Republic, Zona Colonial
I doubt very much if the trade relationship with India would ever be in favour of the DR ..having spent much time there over a period of many years they produce nearly everything that the DR does and more and have developed very competitive financial and communications sectors ..there is a significent difference between India and the DR because most of the tourist industry and the heavy, mining ,construction and motor industries are owned by Indians so what dollars are made in India are made by and for Indians.
The Tata group is indeed a huge public company based in Calcutta but I wonder what opportunities they could see in the DR ..far better to have some Dominicans working in Tata learning how this company operates to the benefit of its shareholders.
Written by: FredCDobbs This user is banned, 26 Jun 2009 4:06 PM
From: Dominican Republic, Parque Colon statue of Anacaona
Apu will show you the way
Written by: gmiller261, 26 Jun 2009 4:44 PM
From: United States
Bring on the Nano Tata.

I'd buy 3.
Written by: xwill7, 26 Jun 2009 4:57 PM
From: United States, El cuarto bate
the tata nano vs all of the speeding heavy trucks in DR???
Written by: gmiller261, 26 Jun 2009 5:04 PM
From: United States

True, only locally. But $2000 USD. you can not beat.

Sure it can handle the motoconchos.
Written by: danny00, 26 Jun 2009 5:16 PM
From: United States, JPMORGAN INC. STOCK BROKER HO HO HO
so they will take over the cab business what about the motorchoncos?...
also is india ready for the the dr.? i mean are they ready to get robbed?...lol
Written by: dreadlocks, 26 Jun 2009 8:03 PM
From: United States
RobertoJose says this

India has a large population ( At least 10 to 1 ). Thats a lot of Mangos, Pineapples, Sugar cane, etc........ to be sold to that country. We can pay back all that was borrowed and create jobs for the ones that do want to

India has as many mangoes, pineapples and sugar cane plants as it will ever need. ever tried dealing with indian firms? go ahead, send a couple of them some inquirng emails, and see how many reply. our trade with them is reportedly 44 million per annum, and growing. the big query is "what do they buy from us, and how much of it"? the indian minister of trade said in a speech "we have software, China has hardware. we have a half of the world's population between us. if we cooperate. we do not need anybody else". i wonder how much they need small economies half way around the world.
Written by: DominicanChic, 26 Jun 2009 9:49 PM
From: United States, New York
I think this would be a positive step for DR because it would at least reduce its dependency on the United States (whether for imports or exports).
Written by: dreadlocks, 26 Jun 2009 10:16 PM
From: United States
DominicanChic, your observation presupposes the existence of certain basic factors, such as

1) what do we have that India does not have, but needs?

2)can India provide us with some of the products we import from the USA, with more favorable terms of trade, given the Cafta agreements?

what guarantees do we have that the standard of merchandise is of the same quality and usefulness as American goods?
Written by: dreadlocks, 26 Jun 2009 10:25 PM
From: United States
Ricardolito, a brilliant posting. thank you for some sage observations. people have to understand that international trade is more complex than saying "let's sell this to them and buy that from them". all kinds of political and cultural issues enter into the mix. we are better off dealing with the USA, for the mere fact that we have a better understanding of their culture and legal systems. just ask the Jamaican Ministry of Agriculture, which got skinned alive in a fertilizer deal with India. they could not even get them into court, because the Indians set up a labyrinth of shell corporations which even the smartest legal minds in London could not penetrate. buyer beware. at least, if some company in the USA torches the Dominican Agricultural department, because of our long standing relationship with them, we can petition the State Department for relief, knowing that they will do whatever they can to remedy the issue. not so with countries of which one has very little understanding
Written by: FredCDobbs This user is banned, 27 Jun 2009 1:12 AM
From: Dominican Republic, Parque Colon statue of Anacaona
apu will show the way
Written by: Ricardolito, 27 Jun 2009 9:43 AM
From: Dominican Republic, Zona Colonial
Having read this news item elsewhere in a little more detail, I have become more convinced that Señor Fernando is having a pipe dream. For the past month I have been in SE Asia and Australia ,part business and part pleasure, and one of the interesting things was that their were many Indians vacationing in Thailand and in Singapore and the rag trade has always been dominated by the Indians in SE Asia. The reason for this is that there are direct air flights from Calcutta, Bombay and Delhi to SE Asia and they are only a few hours away ..but to get to DR is more than 20 hours travel so I doubt if we are a tourist destination here.
Until quite recently the chinese had seized the garment production industry by the throat with sweat labour shops and maybe government subsidies but now India produces clothes for many famous brands such as Banana Republic and British India , Peru produces clothes for Lacoste; Thailand produces clothes for Levi and others and so why can´t we produce clothes her
Written by: Ricardolito, 27 Jun 2009 9:48 AM
From: Dominican Republic, Zona Colonial
Continuing ,,,the reason why we have trouble attracting investment from overseas companies is that we can not yet say we can provide reliable power, water or transportation and the country has a reputation as being somewhat corrupt .Once we have all those ingredients sorted out we can go to India and companies in other countries and sell ourselves to them .
There have been so many close downs in the various zona francas here that at present any one who does even a small amount of research would not currently invest here unless they had iron cast guarantees from the government
Written by: FredCDobbs This user is banned, 27 Jun 2009 9:54 AM
From: Dominican Republic, Parque Colon statue of Anacaona
Quiky Marts si colmados no.....Apu will show the way
Written by: abc200, 28 Jun 2009 9:27 AM
From: United Kingdom, Dominican Republic
India produces some brilliant goods for the DR. They are stronger in the ECO business than the DR - Solar ovens, Electric bicycles etc.
http://energy.sourceguides.com/bu....eBike/byGeo/byC/India/India.shtml
DR could assist by launching products in the Caribb.
US is totally corrupt so not a good idea to trade with the US. Also Indian food is far better for the health than American food. Indian drugs are more cost effective than those from the US.
http://www.vegetarian-nutrition.info/herbs/cumin.php
Who wants American food with associated cancer?
http://www.truehealth.org/acompar1.html
Government could tax American food very highly as it is produced with hormones, pesticides etc. etc. and import more from India also encourage growing here using good methods.
In the UK I always shopped at Indian/Parkistani food shops and to have this expertise here in the DR would improve national well-being.
cont/
S.
Written by: abc200, 28 Jun 2009 9:41 AM
From: United Kingdom, Dominican Republic
The government could also assist Dominans unfortunate enough to be living in the USA by special shipments of food for Dominican shops there branded 'Dominincan Healthy'. Also promote extended vacations here based on healthy food.
Still congratulations to the business leaders in taking the DR in the right direction. Some of the other posters are very strange!
S.
Written by: FredCDobbs This user is banned, 28 Jun 2009 9:52 AM
From: Dominican Republic, Parque Colon statue of Anacaona
you give new meaning to the word strange ....How is your solar bicycle coming along and do they allow you to leave the sanitarium for small outside visits
Written by: abc200, 28 Jun 2009 10:15 AM
From: United Kingdom, Dominican Republic
Research going well thanks......
http://www.treehugger.com/files/2005/04/don_dunkees_diy.php
Still you being an unhealthy Amerikan would probably need a solar wheelchair!
Eat more healthy and Indian food!
Solar cell costs now reduing to 1 dollar a watt so this scooter could soon cost the same as a gas scooter.
Actually I would concede that there are some intelligent Amerikans with an interest in bicycles - after all the Wright Brothers were bicycle mechanics.
You are not one of them!
S.
Written by: FredCDobbs This user is banned, 28 Jun 2009 10:39 AM
From: Dominican Republic, Parque Colon statue of Anacaona
you are a Dalit in any culture not only here in LT but in the UK as well bicycle or not
Written by: abc200, 28 Jun 2009 11:26 AM
From: United Kingdom, Dominican Republic
Yes, gmiller. If some Dominican entepreneur were to import knock down kits of Nano's then he could get the government to apply an anti-dumping duty on American vehicles that are highly subsidiesed by the US taxpayer. DR import bills would be less, gas consumption would drop over time, there would be less polution and the anti dumping duty ( say 30% ) could be used in any number of useful ways.
Also if the Dominican Customs and import companies could adopt an Elvis girlfriend policy to US imports this would save the DR money.
I had a friend who was trying to import to Thailand against local competition and the Customs were very co-operative in this manner.
http://www.youtube.com/watch?v=Z54-QHEZN6E
This would give the Indians and others a chance.
S.
Written by: FredCDobbs This user is banned, 28 Jun 2009 11:40 AM
From: Dominican Republic, Parque Colon statue of Anacaona
more imaginary friends ....like Harvey http://www.youtube.com/watch?v=IYU6mSIF8ww
Written by: abc200, 28 Jun 2009 12:30 PM
From: United Kingdom, Dominican Republic
Culture vulture in designer pants you would steal my bicycle and trash the World.
http://www.youtube.com/watch?v=FZm7WuIVPtM
I am proud of my Indian heritidge.
It would be good if the Sitar were taught in schools in DR as trade xapands.
S.
Written by: FredCDobbs This user is banned, 28 Jun 2009 12:57 PM
From: Dominican Republic, Parque Colon statue of Anacaona
descended from the thugs I am sure maybe your cousin Apu will get you in the Quiky Mart business even if you are a Dalit and I do know you play the Swinette very well a family heritage
Written by: abc200, 28 Jun 2009 1:19 PM
From: United Kingdom, Dominican Republic
Those that give back the planet to humainity and dump their gaz guzling SUV's adopting solar bicycles will show the next generation a good example and given a following wind can expect forgiveness.
http://www.youtube.com/watch?v=5aFFJlBx1tc&NR=1
The best film about bicycles?
But we will allow CWW alias Pirate Preacher Man a donkey - so more christian and even the Amish would approve!

Like everyting else Amerika has bankrupted filmaking....
Vittorio De Sica’s The Bicycle Thief (Ladri Di Biciclette), made in 1948, in black and white, is one of the all time great films, and, in its Neo-realistic cinema verité simplicity, it shows how utterly creatively bankrupt most filmmaking these days is. And by that I mean worldwide, not just the obvious flaws of the Hollywood crap factory. Lean, spare, poetic- it tells one story, but tells it very well, and that story becomes universal, and is applicable to all people who have ever suffered
Written by: FredCDobbs This user is banned, 28 Jun 2009 1:34 PM
From: Dominican Republic, Parque Colon statue of Anacaona
a good example and given a following wind can expect forgiveness.................and you Dalit are constantly breaking wind your film criticism is banal like everything else about your cheeseball personality although some have described your personality like a dial tone .....you also deserve to suffer horribly like we do when we have to read the level of rubbish you subject us to .....condo willi nailed you ....Good Luck with the solar bicycle and your quick return to the UK to face justice
Written by: abc200, 28 Jun 2009 1:50 PM
From: United Kingdom, Dominican Republic
or been driven to do desperate things. Its screenplay is deceptively slight, but that does not mean it is not great.

http://www.cosmoetica.com/B392-DES330.htm
Interestingly one of the best films of last year was a Indian British production Slumdog Millionaire.
Perhaps as the DR looks increasingly to India there will be Indian film festivals and other cultural events. Also perhaps and India DR film co-productions.
http://www.imdb.com/title/tt1010048/
S.
Written by: abc200, 28 Jun 2009 2:07 PM
From: United Kingdom, Dominican Republic
GC Go shout it on the mountain Dan Schneider's film criticism is slight. Given your great career in that field I think I can call you a pompous ass! Are you sure you are not ready for Monoxopuff Gas! From your oversized SUV!
S.
Written by: dreadlocks, 28 Jun 2009 3:31 PM
From: United States
ABC offers this gem

Government could tax American food very highly as it is produced with hormones, pesticides etc. etc. and import more from India also encourage growing here using good methods.

forgotten the little matter of DRCAFTA, ABC? and WTO? remember the big word GLOBALISATION?how about the other one; RETALIATION? do you realistically believe that the US state department is just going to turn the other cheek in the face of punitive, discriminatory policies directed toward them? by a little island in the Caribbean, no less? are you living in the real world, or some alternate universe?
Written by: FredCDobbs This user is banned, 28 Jun 2009 3:36 PM
From: Dominican Republic, Parque Colon statue of Anacaona
yes he is living in Bizarro Retardo in a galaxy far far away ...he gets there on his solar bike peddling off into the universe and beyond
Written by: abc200, 29 Jun 2009 7:57 AM
From: United Kingdom, Dominican Republic
The EU bans hormone produced beef - has done for years. Perhaps a ban is better than tax?
Also GM maize, soya.
http://www.i-sis.org.uk/GMBanLongOverdue.php
http://www.commondreams.org/headlines06/0108-01.htm
http://www.foodnavigator.com/Legi....bans-GM-rice-US-farmers-sue-Bayer
Fast food tax is perfactly legal - as India does not supply much fast food ingedients there is no problem. Selective consumption tax is allowed - e.g. spam, dried fruit ( rasins) etc. not produced in india could have an 80% tax. Healthy spices for curry not produced in DR could have 0%.
Sure with more inginuity imports from US would go down.
Education is vital local products must be promoted over US brands, e.g. as in Turkey
http://www.corpwatch.org/article.php?id=11488
Perhaps a special government department to promote India?
http://www.cenktolunay.com/articles/cola_turka.htm
And invite companies from other countries to break US domination.
S.
Written by: abc200, 29 Jun 2009 8:05 AM
From: United Kingdom, Dominican Republic
Of course the streets of towns were polluted with the acrid smoke from 2 stroke motorcycles - then the Chinese started cheap mass production of 4 strokes. Both gas consumption and pollution is cut. Next stage electic bicycles. To encourage the import of small Indian cars such as the Nano a selective consumption tex of say 80% could be put on all cars etc. not giving 40 mpg. Also phase in a much higer annual tax - say 2000 dollars on all vehicles that are not effficient.
Glad to have Dreads support on boosting trade and contacts with India. The business leaders are 100% correct.
S.
Written by: abc200, 29 Jun 2009 8:27 AM
From: United Kingdom, Dominican Republic
Pompous Ass is letting off!
Noxious?
Just as a fire is covered by smoke and a mirror is obscured by dust, just as the embryo rests deep within the womb, WISDOM is hidden by selfish desire.
Bhagavad Gita
GC wants a bigger SUV!
S.
Written by: abc200, 29 Jun 2009 9:03 AM
From: United Kingdom, Dominican Republic
Dread - going green with the WTO. 'The world cannot continue with business as usual'.
The blockheads on this board do not understand this.
http://www.wto.org/english/news_e/pres09_e/pr559_e.htm
DR can introduce a special tax on beef for example, that is polluting at the point of production.
http://www.guardian.co.uk/business/feedarticle/8578558
Also energy intesive manufactured goods - e.g. SUV's.
S.
Written by: dreadlocks, 29 Jun 2009 9:04 AM
From: United States
a little sarcasm, perhaps, ABC?

Glad to have Dreads support on boosting trade and contacts with India. The business leaders are 100% correct

i have no problems doing business with india. i was just making a cautionary statement regarding certain ethical issues which arise when doing business with them. i have several friends living in London who do business with India and China. here is the matter, in a nutshell. i have ordered NUMEROUS items from the United States via the internet. i give them my credit card number, and on every occasion, i receive the items as represented. i do not deal with fly by nights, and am generally never disappointed, or, worse yet, scammed. but, all my friends will tell you that they will never order anything from india or china without going there, seeing the items for themselves, and signing off on everything, as those countries have lower ethical standards than you think. more often than not, you get roasted, and their is no relief.
Written by: dreadlocks, 29 Jun 2009 9:07 AM
From: United States
china is not exactly the poster boy for quality control, and manufacturing standards. look at all the toxic stuff showing up in american department stores which originate there. my buddy bought a four wheeler from china, and you could watch it rust before your eyes. in four months, it was a pile of junk. caveat emptor
Written by: FredCDobbs This user is banned, 29 Jun 2009 9:15 AM
From: Dominican Republic, Parque Colon statue of Anacaona
the dalit of DT uses their toothpaste and talk about pollution in the kingdom of the Raj it is worse than anywhere ....poor dalit
Written by: abc200, 29 Jun 2009 9:32 AM
From: United Kingdom, Dominican Republic
Taxes can be placed on farm produce from US with high carbon inputs ( fertilizer etc. ) India does not use so much fertilizer in production so therefore lower taxes.
S.
Written by: abc200, 29 Jun 2009 9:43 AM
From: United Kingdom, Dominican Republic
GC cut pollution everywhere with solar electric cycles! Indian solar cooker arrived for my eco-business. Curried rice and beans with dal sauce!

S.
Written by: abc200, 29 Jun 2009 9:51 AM
From: United Kingdom, Dominican Republic
I'll order a few electric cycles and see if they arrive.
http://www.solarnavigator.net/electric_cycles_china_syndrome.htm
S.
Written by: dreadlocks, 29 Jun 2009 9:56 AM
From: United States
Abc offers this one

Curried rice and beans with dal sauce!


can we make that the new "plato del dia", by executive order, perhaps?

and, why are you importing solar cookers all the way from india? have you no interest in promoting Dominican self sufficiency? i mean, a solar cooker is not exactly the space shuttle. why not make yours here, and give a guy a job?
Written by: FredCDobbs This user is banned, 29 Jun 2009 10:03 AM
From: Dominican Republic, Parque Colon statue of Anacaona
La bandera de Raj....the Dalit of DTis going to order some motos from India when he cashes in his empty presidente bottles
Written by: abc200, 29 Jun 2009 11:25 AM
From: United Kingdom, Dominican Republic
I had planned to study it and possibly refine later into another model. But these have gone though 3 generations at least and obtaining all the materials is difficult. However I do have a design for making a water heater out presedente bottles for hot water for doing the washing up. It can also sterilize.
S.
Written by: FredCDobbs This user is banned, 29 Jun 2009 12:21 PM
From: Dominican Republic, Parque Colon statue of Anacaona
your parents should have been sterilized but that is another matter please more info on your solar powered bike Sil Vous Plait
Written by: dreadlocks, 29 Jun 2009 1:07 PM
From: United States
ABC, if you do a basic google search on the web, you can find 187 million designs for solar heaters. what materials_ the things are basically reflectors, for heaven´s sakes. are you seeking a source for plutonium, perhaps
Written by: FredCDobbs This user is banned, 29 Jun 2009 1:10 PM
From: Dominican Republic, Parque Colon statue of Anacaona
he has already said he is going to work in Hugos nuclear Labs to perfect his plan let us hope he does not drink to much Polar while he is there in Hugos paradise
Written by: abc200, 29 Jun 2009 7:22 PM
From: United Kingdom, Dominican Republic
There are thousands of designs for sure - but it is worth 200 or so dollars to get one that works out of the box, looks professional and has been subject to review. You have to buy materials anyhow and cooking pans. Looking professional and having the proper sealing etc. is important if you expect people to eat the food produced. Also some back up power. However if you have one you would like to try I would be more than happy to perform a comparison study. I contacted several manufacturers in the leaning process and this one suits for now. It just so happens it is made in India where they have carried out much research.
http://www.humabuilt.com/Pages/Tulsi_Hybrid_Solor_Oven.html
Back up power is provided by solar/batteries
Noodle veg work just fine.
Looks good outside restuarant - an attention getter although will have to raise somewhat to avoid problem with children - it gets hot. Wonton soup is good. Thermos flasks can keep food warm or microwave using solar power.
S.
S
Written by: abc200, 29 Jun 2009 8:08 PM
From: United Kingdom, Dominican Republic
This is the only bike for GC
http://www.livescience.com/technology/060223_popsci_rocketbike.html
S.
Written by: FredCDobbs This user is banned, 29 Jun 2009 8:24 PM
From: Dominican Republic, Parque Colon statue of Anacaona
you must have been carrying those solar panels on your head and it cooked your little brain
Written by: abc200, 29 Jun 2009 8:39 PM
From: United Kingdom, Dominican Republic
yours is just frozen in the antideluvian period....... you need some education ( whats that? funny stuff - your comment ) like being able to add 2 and 2.
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password