The document discusses opportunities for coal mining collaboration between India and Colombia. It outlines that India and Colombia have established agreements and high-level visits to foster business relationships. Specifically, it highlights that India can provide investment, infrastructure development, mining machinery, and geological consultancy to support Colombia's coal mining industry. Several Indian companies and models for collaboration through equity investment, long-term contracts, and joint ventures are presented. The Indian Embassy aims to facilitate such partnerships through engagement with local business groups and meetings.
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Bridging the Gap between INDIA & COLOMBIA
1. India Colombia Partners in Coal Mining Dr. Sumit Seth Representante Comercial Embajada de la India Bogota Colombia
3. INDIA-COLOMBIA Opening Up New Relationships Opportunities India offers for Colombia How Embassy Can Collaborate
4. Opening up Agreements High Level Visits Managerial Diplomacy
5. Agreements BIPPA ( 2009) Bilateral Investment Promotion and Protection Agreement MoU on Business Development (2010) DTAA ( 2011) Double Taxation Avoidance Agreement MoU on Mining ( 2011 )
6. High Level Visits Bogota Minister of Mines ( May 2011) Secretary Steel ( June 2011 ) Secretary Foreign Affairs ( West) (July 2011) Ambassadors of India in LAC Conference in Bogota (July 2011) Secretary of Commerce ( August 2011)
7. Managerial Diplomacy 151 Indian Companies Visited Bogota FIB 2010 35 Chemical Companies visited Bogota August 2011
10. Investment Models I. Equity Investment by the company in brownfield coal projects with long- term off take contracts at a price less than the prevailing import price
11. Investment Models II. Long-term off take contract on a cost plus basis , but less than prevailing import price
12. Investment Models III. Formation of a Joint Venture with Colombian Company for exploration, development and operation of greenfield coal assets
16. Infrastructure India has one of the largest network of Railway Tracks RITES is one company which has experience working with FENOCO Port Development a b c