GUATEMALA CITY (TIP): Embassy of India organized a business meet with Municipalities and other stakeholders in Guatemala to explore possibilities to invest in infrastructure sector in the region on 19 April 2024. Approximately 70 guests from different municipalities in Guatemala attended the event. During the year 2023, the Embassy was actively involved in promoting India’s investment and influence in the Central American region through various infrastructural initiatives and strategic endeavors. As a result of these concerted efforts, significant milestones have been achieved, expanding our reach beyond the local municipalities in Guatemala. In collaboration with Lakshmi Capital, a prominent Indian company, the Embassy has initiated transformative projects aimed at advancing infrastructure development in El Salvador. This includes signing two MoUs with the Ministry of Public Works, Transport, Housing, and Urban Development of the Government of El Salvador, with investments totaling US$2 billion for a metro line project and US$475 million for the procurement of 5000 buses. Similarly, Lakshmi Capital has made significant strides by signing Letters of Intent (LoIs) for five impactful projects with the Municipality of Xela in Guatemala, totaling an investment of US$1.2 billion. These projects encompass a hydroelectric system, cable car system, supply of 700 buses, a waste management plant, and a 75MW solar energy plant in the region. Additionally, an LoI has been signed for the ambitious Guatemalan Interoceanic Corridor (GIC) project, a Dry Corridor Project requiring a US$10 billion investment between Lakshmi Capital and Grupo Odepal, S.A. This project aims to establish a cutting-edge Multimodal Transport System spanning a 372-kilometer-long and 140-meter-wide strip of land, linking the Atlantic and Pacific Oceans. Moreover, Lakshmi Capital has also signed LoIs with the Municipality of El Progresso, Guatemala, for another two projects.

In response to the requirement to involve Indian companies in procuring technology, materials, services, and products, Lakshmi Capital has facilitated several visits by relevant authorities. A team from Delhi Metro Rail Corporation (DMRC) visited El Salvador to assess the technical aspects of the metro project. Additionally, a high-level government delegation from El Salvador led by Mr. Ibrajim Bukele, Advisor to Hon’ble President of El Salvador visited India from April 14th to April 22nd, 2024, to oversee the operation of these projects. In March 2024, a delegation led by the Mayors of Xela and El Progresso visited India to gain firsthand experience of similar projects. Furthermore, a delegation from the Association of City Bus Companies in Guatemala also visited India to oversee the manufacturing of buses.

These infrastructural projects, coupled with the successful visits by delegations to India, exemplify India’s dedication to fostering economic development and improving infrastructure in Central America. The visible impact and successful implementation of these initiatives have drawn significant attention and admiration from municipalities throughout Guatemala. Witnessing the transformative effects of these projects, many municipalities in Guatemala have expressed a keen interest in collaborating with India to develop their own regions. They perceive India as a valuable partner with expertise in infrastructure development, technology transfer, and capacity building, capable of helping them address their developmental challenges and achieve long-term goals. In response to this growing interest from municipalities and other stakeholders, the Embassy organized a business meet where Mayors and representatives from these regions could interact with Indian counterparts, exchange ideas, and explore potential areas of collaboration. This event provided a valuable opportunity to advance India’s interests in the region and served as a platform for meaningful discussions, fostering collaboration and partnership between Indian businesses and local governments in Guatemala. Furthermore, it bolstered India’s presence in the region and reaffirmed its commitment to bilateral cooperation and economic development.

Ambassador Dr. Manoj Kumar Mohapatra highlighted the significant strides made by India in infrastructure development, attributing this success to Prime Minister Modi’s vision of ‘Atmanirbhar Bharat’ (self-reliant India). He emphasized how India’s robust economic growth has positioned it as the fastest-growing economy globally, expanding India’s influence on regions where its presence was previously limited. This expansion underscores India’s commitment to Vasudhaiva Kutumbakam, the ancient Indian philosophy that translates to “the world is one family,” emphasizing the interconnectedness and united development of all nations. Dr. Mohapatra extended an invitation to all stakeholders to participate in this remarkable infrastructural growth story, emphasizing the inclusive nature of India’s development agenda. He reiterated India’s commitment to assisting in the infrastructural development of the Guatemalan municipalities, emphasizing the importance of strengthening ties and promoting shared values. Dr. Mohapatra’s remarks underscored India’s proactive approach to regional development, emphasizing the importance of self-reliance, inclusivity, and shared prosperity in driving sustainable growth and fostering stronger international partnerships.

Mayor Juan Fernando Lopez of the Municipality of Quetzaltenango (Xela) spoke of his recent visit to India during the event, reflecting on the memorable experiences and insights gained. He commended India’s remarkable economic growth and impressive infrastructure development, acknowledging the strides made under Prime Minister Modi’s leadership. Mayor Lopez expressed confidence in the capabilities of Indian companies to execute the five infrastructure projects planned for Xela. He highlighted the expertise and professionalism demonstrated by Indian firms, which he believed would contribute significantly to the development and modernization of his municipality. Furthermore, Mayor Lopez extended his gratitude to the Government of India for the assistance and support extended to him during his visit to India. Mayor Lopez’s remarks underscored the positive impact of international partnerships and the role of India as a reliable partner in supporting the developmental aspirations of regions like Xela. His appreciation for India’s economic achievements and infrastructure prowess reflects the growing admiration and confidence in India’s capabilities among international stakeholders.

During the event , through a collaborative effort between the Embassy of India and M/s Caplin Point, a significant donation of 500,000 doses of Metformin tablets, aimed at treating diabetes, was made to the Municipality of Xela. This donation highlights India’s commitment to healthcare initiatives and its dedication to addressing prevalent health challenges in the region. Through collaborative efforts in technology, infrastructure, and healthcare, India is making significant progress in both regional development and improving healthcare accessibility and quality.