GUATEMALA CITY (TIP): As Indian corporates line up significant investments in the oil, mining, IT and pharmaceutical sectors in the Central America and Latin American Countries, the Indian Embassy in Guatemala organised a visit to the country by Dr. S.V. Anchan, Chairman of the Safesea Group. The Safesea Group is a global provider of shipping and logistics services with headquarters in the USA, offices across North America, Europe, and Asia, and a presence in over 100 countries.

During his visit to Guatemala from 31 October -2 November 2023, Dr. Anchan attended Business Meet organized by the Embassy on 31st October 2023. He shared his insights into his company’s prospects in the Central American region. Dr. Anchan highlighted the company’s interest in expanding its operations to the Central American market, with Guatemala as a strategic hub. He expressed that his company could be a game-changer in connecting India and Guatemala for exporting products from India. Dr. Anchan also encouraged Guatemalan companies to actively participate in this venture, emphasizing the mutual benefits of this collaboration in expanding trade ties.

During his visit, Dr. S.V. Anchan had a significant meeting with representatives from Mayan University, which holds a pivotal place in Guatemala’s educational landscape. The aim of this meeting was to explore opportunities for collaboration and support in the field of education and student development. During the meeting, Dr. Anchan showcased his commitment to promoting education and uplifting students. He offered an assistance package of US$10,000, reflecting his dedication to encouraging and empowering students associated with Mayan University. This contribution is not merely a financial one; it symbolizes his belief in the potential and talent of the younger generation in Guatemala. This commitment to supporting education aligns with broader efforts to strengthen the ties between India and Guatemala by fostering cooperation and goodwill across various sectors.

Dr. S.V. Anchan’s meeting with Vice President Castillo Reys was a significant step towards enhancing India-Guatemala trade, with a primary focus on the shipping industry. During this meeting, Dr. Anchan presented various proposals and shared his vision for expanding trade relations between the two countries. The Vice President was highly impressed by these proposals, showing a keen interest in further exploring these avenues.

Dr. Anchan also met Congressman Manuel Eduardo Conde Orellana and Congressman Jonathan Menkos Zeissig (designated Finance Minister in the administration of President elect Mr. Arevalo). The meetings held significant importance in the context of exploring opportunities in the shipping and maritime industry. During this meeting, they discussed two crucial aspects: the establishment of a direct shipping line and the shipbreaking industry. The establishment of a direct shipping line between India and Guatemala initiative holds the potential to significantly boost trade and commerce between the two nations. By creating a direct shipping route, it becomes more efficient and cost-effective to transport goods, fostering stronger economic ties. Another vital topic of conversation was the shipbreaking industry. Shipbreaking involves the dismantling and recycling of ships that have reached the end of their operational life. This sector can be an essential component of a country’s economy, offering numerous economic and environmental benefits. The establishment of a direct shipping line can streamline trade, while engaging in responsible shipbreaking practices can lead to sustainable economic and environmental outcomes.