India and Peru have agreed on a broad roadmap to deepen economic cooperation, with both sides focusing on expanding trade and investment in areas such as critical minerals, agriculture, manufacturing, and digital technologies. The discussions come alongside ongoing negotiations for a Comprehensive Economic Partnership Agreement (CEPA) aimed at strengthening long-term bilateral economic ties.
At a business forum and Peru’s 205th National Day reception held in Teynampet, Tamil Nadu Industries Minister S Keerthana said the state is keen to build lasting industrial partnerships with Peru. She noted that Tamil Nadu is open to long-term collaboration across manufacturing, trade, and cultural exchange, adding that regional products such as Sivakasi fireworks could find wider demand in the Peruvian market.
Peruvian Ambassador Javier Paulinich described Tamil Nadu as one of India’s leading industrial hubs and highlighted Chennai’s growing role as a gateway for Peru’s engagement with India. He encouraged Indian companies to invest in Peru and said stronger cooperation in trade, education, and institutional linkages would deepen the relationship between the two countries.
Sanmar Matrix Metals Vice Chairman Narayan Sethuramon pointed to rising momentum in India–Peru economic ties, driven by growing bilateral trade. He highlighted Peru’s rich reserves of copper, gold, and other critical minerals, saying the proposed trade agreement could unlock new investment opportunities and strengthen business collaboration.
TCS Regional Head Alex Duraisamy emphasized the alignment between India’s strengths in digital public infrastructure, artificial intelligence, cybersecurity, and startup ecosystems with Peru’s development priorities. With around 1,250 employees in Peru, he said improved digital access, especially in rural areas, could further expand technology-driven cooperation.
TAFE Director and Group President TR Kesavan said both countries share similarities in agricultural practices, opening opportunities for cooperation in digital farming, sustainable agriculture, and value-added production. He stressed the need to increase productivity while reducing water use and chemical dependence.
Honorary Consul of Peru in Chennai R Dinesh called for stronger supply chain resilience, greater participation from regional industries, and deeper people-to-people ties, especially among younger populations.
Bilateral trade between India and Peru has now crossed a record USD 10 billion, highlighting the growing importance of the partnership and strengthening the case for a comprehensive trade agreement between the two nations.
