Argentine government imposes more stringent restrctions on imports from 1 February 2012 As part of the strategy to reduce outflow of foreign exchange and to encourage domestic production, the government has imposed these brutal measures in addition to the already existing restrictions since 2010. Imports can be done only after approval from authorities who could deny authorisation or reduce quantity of imports. The system is non-transparent and arbitrary.
2012 1 U$D to Peso
2011 1 U$D to Peso
2010 1 U$D to Peso
2009 1 U$D to Peso
2008 1 U$D to Peso
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Area:
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2.7 million sq. kms | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Population:
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40 million | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital: |
Buenos Aires City (Population – 3 million) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other major cities: |
Cordoba (Pop: 1.5 mn; industrial and educational centre) Rosario (Pop: 1 mn; agribusiness)
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Language: |
Spanish | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Literacy rate: |
97% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
States: |
23 provinces and Federal Capital
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Provinces of Business Interest |
Cordoba - Manufacturing, agribusiness, IT & educational centre |
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Main Ports: |
Buenos Aires, Rosario and Bahía Blanca | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
International Airports: |
Buenos Aires, Mendoza, Córdoba and Salta | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Currency: |
Argentine Peso written as ‘$’, the same as US Dollar sign |
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Electric current: |
220AC (50 Hz) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Telephone Code: |
Argentina 54 |
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Internet country code: |
.ar | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Climate: |
Pleasant; no extremes. Since Argentina is in the Southern hemisphere, the seasons are the opposite to those of India. |
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Holiday Season |
From 20 December to 31 January |
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Time: |
8 ½ hours behind India. |
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Government: |
Presidential form of Government; President Cristina Fernandez de Kirchner (from December 2007 for four years) |
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Tourist Information: |
www.bue.gov.ar (city information) www.todotango.com (about tango and culture) |
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Tourist attractions: |
Iguazú waterfalls |
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GDP: |
US$ 353 billion (2010) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per Capita Income: |
US$ 8870 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GDP growth rate: |
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Inflation: |
According to independent estimates, the inflation rates are much more than the official figures given here.
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Foreign Reserves: |
US$ 52.5 billion (Dec 2010) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exchange rate: 1 US $ TO Peso |
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Foreign Debt in Billion US Dollars: |
US$ 119 billion (Dec 2010) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign Trade: |
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Main Sources of Imports |
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Top Ten Imports of Argentina |
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Main Destination of Exports (2010) |
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Top Ten Exports of Argentina (US$ Billion) |
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Minimum Wage |
Pesos 1440 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Argentina is the third largest market in Latin America with a GDP of 353 billion dollars, after Brazil and Mexico. It has the potential to be one of the richest countries in the region as well as in the world. In fact, it was among the top ten richest countries of the world in the early twentieth century. It is now in the process of reconfiguring its market and mindset to become a prosperous country again. Argentina is an agricultural power. It produces 100 million tons of food products and exports more than 50 million tons. Argentina is the second largest producer of agricultural commodities and livestock after USA. It is a large exporter of wheat, soya and meat. It is the world’s largest exporter of soy oil and sunflower oil, the second largest exporter of corn, third largest producer of beef , soybeans and biodiesel and fourth largest of wheat. Argentina is the fifth largest producer of wine in the world. Argentine Agribusiness is modern, large-scale and globally competitive. While in USA and EU, agro-exports are subsidized, the Argentine government imposes an export tax for some commodities and still the exports are competitive. Argentina is using at present only 32 million hectares for agriculture. They can easily double the area of cultivation and volume of production. Argentina has a large area -almost equal to that of India- with a variety of fertile soils and climates. There are abundant water resources. Most of the agriculture is rain fed. There are no irrigation canals and ground water pumps as in India. The climate is congenial without extremes. It ranges from the warm northern parts to the cold Patagonia in the south lending itself for growing different crops. The famous Pampa region of Argentina, the vast fertile plains, is one of the most productive regions in the world. Most of the farming is done in a commercial scale by large landowners holding thousands of hectares. Most of the farms are managed by professionals who have studied agronomy. They are supported by an excellent network of research and development laboratories. Argentina has developed an efficient infrastructure, logistics and network for transportation and shipping. The river ports around Rosario connect to the grain silos and agro processing plants. The food processing industries of Argentina are one of the most advanced in the world and globally competitive. For example, the oil crushing capacity of Argentina is the third highest in the world- even ahead of Brazil- with the latest technology and plants. The commercialization of agribusiness is done by well established Commodity Exchanges specializing in cereals and other agro products in Buenos Aires and Rosario. Thus it is evident that Argentina is well-placed to become a global agricultural power in the coming decades in which food shortage is going to be one of the main concerns of the world. Argentina is self-sufficient in energy and a net exporter of oil and gas. It produces 800,000 barrels per day of crude oil of which 300,000 are exported. It has two billion barrels of reserves. Off-shore exploration has only now been started and the land area is under-explored. Argentina is the second largest gas producer (50 billion cubic metres) in Latin America and exports to Chile. The Argentine manufacturing industry is relatively large and diversified. It is strong in food processing, automobiles, auto parts, engineering, metallurgy, pharmaceuticals and biotechnology. Argentina is a pioneer in the world in the development and use of CNG technology. Some Argentine companies are globally competitive in pharmaceuticals, biotechnology, CNG technology, hydroelectric power machinery and niche engineering fields. Argentina has significant reserves of gold, silver, zinc, uranium, copper, phosphate and iron. The mineral resources have not yet been fully explored yet. Argentina has a population of 40 million which is a homogeneous stock of European origin – mainly from Spain and Italy- speaking a single language and belonging to one faith (Catholic). There are no ethnic, linguistic, religious strifes. The literacy rate is 97 per cent and the human resources have a range of good quality skills. The Indian companies operating in Argentina employing 1500 Argentines are impressed and happy with the quality of human resources and the range and depth of the Argentine skill sets. There is a strong base of expertise in science and technology including in IT and nuclear energy. Many Multinational Corporations including MTV use Argentina as the centre of creative work and production for the Spanish- speaking world. IBM and other IT companies have established off-shore centres of software development, BPOs and KPOs. Argentina was one of the most developed countries in the beginning of the twentieth century. It had the earliest railroads, metro and industrial development. Buenos Aires city was built like the Paris of Latin America with elegant parks, public buildings, apartment blocks, theatres, cafes, restaurants and bars. Even now Buenos Aires stands out as the most well organized, elegant and stylish city of Latin America. Argentina has the most sophisticated and beautiful country clubs and golf and ski resorts in the region. Argentina celebrated its 25th anniversary of the restoration of democracy in 2008. In this period, democracy has been established firmly and irreversibly. The democratic institutions and practices have taken strong roots. In the last seven years (after the 2002 crisis), the macroeconomic fundamentals of the economy have become strong and stable. The economy has become more resilient and less vulnerable to external shocks. This is evident from the fact that the Argentine market has withstood the global financial crisis with only moderate adverse impact. This has been recognized and commended by external observers, including IMF and World Bank. The Argentines have put an end to the curses of hyper inflation, excessive external debt and drastic fluctuations in exchange rates. The Argentine economy is now poised to sustain its stability and growth in the long term. The Argentines from all walks of life, including political leaders, businessmen, and professionals have, now a new mindset, especially after the historic 2001 crisis. There is greater discipline, restraint and pragmatism in place of adventurism and experiments which characterized policies of the government and the business practices in the past. Policy-makers and the people in general are now looking towards the future with confidence, hope and vision. This is in contrast to the days of hyper-inflation and crises when day-to-day survival was the biggest worry. The stability and growth of the Argentina has been reinforced by its membership of MERCOSUR, the regional group formed with Brazil, Uruguay and Paraguay. Argentina has access to the larger market of Mercosur and benefits from the integration process. It is also attaching importance to its integration in the new South American group called as UNASUR (South American Union of the 12 countries).
Argentina has world's third largest shale gas reserves. According to a April 2011 report of the US Department of Energy, Argentina has 774 trillion cubic feet ( tcf ) of technically recoverable reserves which is the third largest in the world. China has the largest reserves of 1275 tcf followed by USA with 862 tcf. Commercial production has already started in USA where shale gas is considered as the ¨Game Changer¨in the gas market of USA. In China, shale gas project is a priority in the current five year plan. Most of the shale gas find in Argentina is in the patagonian region where oil and gas are produced already. The Argentine shales are said to be two or three times thicker than the North American ones. This means production volume could be higher. At present Argentina is producing natural gas and is supplementing it with imports from Bolivia. Shale gas could be a Game Changer for Argentina too. Many foreign companies are already making moves. Exxon Mobile has already acquired a block. Repsol, Petrobras, Total and Apache are making entries. IFFCO of India has invested 25 million dollars in a Canadian company Americas Petrogas which has a shale gas block in Argentina. They are looking for financial and technological partners for exploration and production. |
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Agribusiness |
During 2010 area under crops was 32 million hectares. Soy is the main crop and accounts for 16.6 million hectares. Wheat is planted in 5.6 million hectares, Maize in 4 million hectares and Sunflower in 2.6 m hectares.
Agricultural practices of Argentina are large scale and modern. 70% of the agricultural land is leased by companies and individuals who do professional and commercial farming. 90% of the land is under “direct seeding cultivation”. Under this innovative method, the land is not ploughed for seeding. The residue of the previous harvest is allowed to be absorbed by the land and seed is inserted into the earth by a special machine without ploughing . This method is better for soil conservation, preservation of moisture and organic matters and for prevention of soil degradation. |
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Argentina is the fifth largest producer of wine in the world with a production of 1.5 million litres. There are 230,000 hectares of vineyards. Mendoza province accounts for 70 percent of production. The second largest production is in San Juan and the third in Salta provinces. |
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Energy |
Argentina is self-sufficient in energy and has surplus petroleum for exports. Total oil reserves are about 2 billion barrels. Annual production is about 800,000 bpd of which 300,000 bpd is exported. Still there are underexplored and unexplored areas for oil. While the Provincial governments are the owners of oilfields, ENARSA, the Federal state oil company controls all the off-shore areas. Off-shore exploration has just started in 2008. The Spanish company Repsol and Brazilian Petrobras are the major oil producers. Argentina has the world's third largest shale gas reserves of 774 tcf Argentina has lot of potential to develop wind energy. Currently only 30 mw is produced. But there are plans to produce 1200 mw by 2016.
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Minerals |
Argentina has significant reserves of gold, silver, zinc, uranium, copper and iron. Mineral exports are around 2 billion dollars. Most minerals are found in the provinces of Mendoza and San Juan on the Andean mountain side. |
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The Argentine manufacturing industry is relatively large and diversified. It is strong in food processing, automobiles, auto parts, consumer goods, pharmaceuticals, paper and metallurgy.
In 2008, 743,000 motorcycles were sold in Argentina, 9% more than in 2007 . Only 50,000 units (7%) were of national production, another 33% (245,000) were locally assembled and the other 447,000 were imported complete from China (most of them), Brazil, Japan and Taiwan
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Autoproduction by companies in 2010
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60 percent of automobiles produced in Argentina are exported. Forty percent of parts used in vehicle manufacturing plants in Argentina are locally made. |
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IT: |
The IT sector has started growing in recent years. It employed about 50,000 people and had a turnover of 2.5 billion dollars in 2009 increased from 300 million dollars in 2006 to over 500 million dollars in 2009. The Argentine software industry´s ambition is to increase turnover to 7 billion dollars by 2016 including exports of one billion dollars and employment to 150,000 people. |
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Pharmaceuticals |
The Argentine pharmaceutical market is valued at 4.2 billion dollars. There are 110 laboratories in the country, of which 17 are international laboratories and the rest are national. Market leaders are Bayer, Bagó and Roemmers. Foreign companies have a share of 54% of the market while the local companies control 46%. Exports in 2010 were 800 million dollars. Most of the exports go to Latin America. The top ten pharma companies are : |
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Textile Industry |
Latest information on Argentine Textle Industry and Argentine imports of Indian Textiles. |
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Infrastructure |
Railways: 32.000 km. Argentina was the first country to establish railways in Latin America. But the system needs rehabilitation and modernisation. Main Ports in Argentina: Buenos Aires, Rosario, Santa Fé and Bahia Blanca.Argentina has river navigation for ships which can go upstream to Paraguay and Bolivia. Rosario is the major river port and is the major centre of agro exports. |
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Customs and taxation: |
As member of Mercosur, Argentina follows the Common External Tariff which is an average of 15 per cent. Maximum duty is 20 per cent. But there are a number of exceptions. Sales tax ( IVA) is 21 per cent. Corporate tax is 35 per cent and Income tax is between 9 and 35 per cent. Export taxes on agro-products range from 5 to 35 per cent.
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Investment promotion |
“Prosperar” is the Argentine government’s Investment Promotion Agency.
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Banking |
The banking sector of Argentina after having gone through the turmoil during the crisis in 2002 is now on a more stable foundation through better regulatory measures, reforms and mergers. Top ten banks (in the order of their ranking) 1. BANCO DE LA NACION ARGENTINA www.bna,com,ar
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Part II |
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Bilateral Trade
Bilateral Trade figures for 2011 (in million dollars)
(USD in million)
The trade is very much below the potential. During the visit of the President of Argentina to India in October 2009, the two Governments set a target of 3 billion dollars of bilateral trade by 2012. |
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Exports from India to Argentina (2010)
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Imports of India from Argentina (2010) |
Major Argentine edible oil exporters to India
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Exports |
Indian exporters are invited to explore the potential for exports to Argentina. There is scope for increasing the volume of items already exported as well as for new items. These are: vehicles, two-wheelers, auto parts, machinery including for sugar industry and railways, solar and wind energy, chemicals, inputs for agriculture, agrochemicals, bulk drugs, dyestuff, textiles and handicrafts. Mahindra Tractors and Royal Enfield Motorcycles were launched in Argentine market in March 2009. Bajaj motor cycles are sold in Argentina.
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Imports |
India’s imports of soy and sunflower oil as well as copper are expected to increase steadily in the years to come. Wheat would be an import item as and when there is shortfall in Indian production. Argentine companies have been supplying CNG kits to India, wine, wool, leather, olives and dried vegetables and fruits. Argentina has the potential for contributing to India’s food security in future. At present, Argentina is a major source of edible oils for India. According to the Solvent Extractors Association of India (SEA), the requirement of edible oils in 2006 was 12 million tons of which 7 million were produced domestically and 5 million was imported. Imports shot up to over 7 million tons in 2009. In 2010, the requirement of edible oils is expected to increase to 15 million tons and more in the years to come. But the production of oilseeds in India cannot match the demand and India will continue to be a long term importer of edible oils. In this respect, India can count on Argentina as a reliable source. Argentina is the world’s largest exporter of soya oil and sunflower oil. Argentina has the third largest capacity for edible oil processing after China and USA. India has imported wheat from Argentina from time to time, including purchase of 44 million dollars in 2008. Besides edible oil and wheat, Argentina can be a new source of pulses. India imports about 3 million tons of pulses from countries such as Myanmar, Australia, Turkey and Canada. Although. India does not import any pulses from Argentina at present, the Argentine soil is suitable for cultivation of pulses of interest to India. The Argentine agribusiness companies are willing to grow these, attracted by the large and growing market in India. It is advisable for Indian companies to think beyond imports and go in for acquisition of land in Argentina to grow oil seeds, wheat and pulses. There is no restriction on foreign investment in land in Argentina. A number of foreign companies and individuals own thousands of hectares of land. Sterling Group of NRI Sivasankaran has acquired an olive farm of 1700 hectares in the Catamarca province of Argentina. A Non-Resident Indian company ‘Olam’ has leased 17,000 hectares of land in Argentina to produce peanuts. Encouraged by the success of this venture, they are now planning to grow wheat, soya and pulses with additional leasing of land. Land is available in lots of hundreds and thousands of hectares. SEA had sent two delegations to Argentina (also Uruguay, Paraguay and Brazil) in 2006 and 2007 to study the possibility of acquisition of land for production of oilseeds. They have already formed a consortium of 14 companies which proposes to invest in agricultural land in the region. To start with, they have a plan to invest 40 million dollars in Uruguay. Besides SEA of India and STC, private sector groups have also shown interest in acquisition of land in Argentina. India is going to be under more pressure for agricultural land in future. India´s population increases by 15 million every year and it adds a new Argentina (40 million) every 32 months. On the other hand, agricultural land is diminishing because of the increasing use for residential, industrial and commercial purposes. This is in contrast with Argentina which has a small population of 40 million with an area almost equal to that of India. Besides the large area, the Argentine productivity of grains and oilseeds are three times that of India. For example, average yield per hectare of soya in India is 900 kg while the Argentine average is 3 tons. In India, the subsistence farmers with their average land holding of just a few acres are unable to invest and increase productivity significantly. But the Argentine farmers who hold thousands of hectares of land do farming commercially and professionally and are able to invest in innovation and productivity. Argentina can also contribute, to a small extent, to India´s energy security. Argentine oil resources are under-explored. They have 2 billion barrels of discovered reserves and are currently producing 800,000 bpd. They are just starting off-shore exploration and the land area has not been fully explored. Indian oil companies in public and private sector could make entry here. Reliance has formed a joint venture with an Argentine private company Pluspetrol (along with an Australian company Woodside) and their consortium has won concessions in Peru and Bolivia for oil and gas exploration. They are also exploring opportunities in Argentina and in other countries of the region. ONGC Videsh Ltd. (OVL) has signed an MOU with their Argentine counterpart ENARSA and jointly seek opportunities in Argentina and in this region. Argentina is the third largest exporter of bio-diesel in the world. They exported over one million tons in 2008 and are increasing production capacity to 1.6 million tons by 2010. India can also consider imports from Argentina. There are thousands of hectares of land available in the warmer northern parts of Argentina where jatropha can be grown and used to produce bio-diesel. The Indian companies can also invest in commercial forestry in Argentina to take back to India wood and paper pulp which are imported by India regularly. |
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Shipping |
Freight Rates from Mumbai to Buenos Aires: 20 foot container: USD 1200 Goods can also be transhipped through Durban in South Africa
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Investment and joint ventures |
There are 13 Indian Companies which have established operations in Argentina. They provide employment to 7000 Argentines. Eight of them are in IT, two in agro-chemicals, one in pharma, one in cosmetics and one in electrical lightning. Aegis Group from India has acquired Argentine BPO company Actionline in 2010 which employs 5,000 people in Buenos Aires, Cordoba, Tucuman and Bahia Blanca. Almost all their clients are local. This is the largest Indian BPO in Latin America.
WIPRO has an office an Buenos Aires with 20 staff. They have plans to expand. Copal Partners an Indian Financial Research company has established an office in Buenos Aires in the second half of 2010. They have3 plans to hire 50 staff. Prokarma has a centre in Buenos Aires with a local name ABC Consulting employing 100 staff. HCL opened a IT centre in Buenos Aires in 2009. Argentina has the following competitive advantages for BPO, KPO and software development: Godrej has acquired two Argentine cosmetic companies in 2010: Issue Group and Argencos. They produce hair colour and other cosmetic products. They also export to other countries in the region. Havells-Sylvania of India has a business of about 15 million dollars in electrical lamps and lightning equipments. It employs 40 argentines. Reliance has formed a joint venture with an Argentine oil company Pluspetrol (The consortium includes Westwood of Australia) and they have won a concession in Peru for oil exploration and production. ONGC (OVL) has signed a MoU with ENARSA, their Argentine counterpart for possible joint ventures in Argentina for oil exploration. Kirloskar is planning to put up an assembly plant in Argentina for manufacture of pumps. IFFCO the Gujarat based fertilizer cooperative company is in talks with Americas Petrogas of Canada to set up a urea plant using gas produced in La Pampa region of Argentina. Wipro products and services including consumer care (Wipro Shikakai, Wipro Baby Soft), branded hydraulic cylinders, products (Wipro branded PCs, laptops, peripherals), and IT (Wipro Technologies and Wipro Infotech). |
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Non-Resident Indian Companies |
ArcelorMittal has acquired the Argentine steel company Acindar and steel distribution company Magjadalani for over 600 million dollars. |
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Ayurveda |
Ayurveda is becoming popular and there are Ayurvedic Spas and massage centres. The University of Buenos Aires has been running postgraduate courses in Ayurveda in collaboration with Gujarat Ayurveda University. Dr Jorge Luis Berra (www.medicinaayurveda.org) is the organiser of these courses. Our Honorary Consul General in Cordoba city Dr. Sergio Suraez (vedica@datamarkets.com.ar) is also an Ayurvedic expert and teacher. The Department of AYUSH of the Indian Health Ministry has agreed to the proposal of the Embassy to support promotion of Ayurveda in Argentina. There is scope for export of Ayurvedic and herbal products to Argentina.
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Argentine Companies in India |
Techint, the 18 billion dollar Argentine Group ( steel, energy,engineering) has an office in Thane employing 200 Indian engineers for their projects in Middle East, Asia and Europe. Techint India Pvt. Ltd.,
IMPSA, the Argentine engineering company, specializing in hydroelectric projects, has opened an office in Gurgaon. They are exploring opportunities for projects as well as supply of power generation equipments such as turbines. They have a manufacturing unit in Malaysia. Entertainment business |
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Argentina-India Chamber of Commerce |
The Embassy took the initiative to form this Chamber which was launched in the presence of the Commerce Secretaries of the two countries in June 2008.
Website of the Chamber www.cciai.com.ar
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March: April: May: ARMINERA – MIMNG EXHIBITION June: PLASTIC INDUSTRY FAIR July: LEATHER FAIR August: September: October: OIL & GAS INTERNATIONAL FAIR November: PHARMACEUTICAL EXHIBITIONDate: 2-4 November 2011 Sector: Pharmaceuticals Venue: Centro Costa Salguero Info: www.expofybi.org |
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Importance of visit Contact the Embassy before the visit |
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Argentine Visa |
Five year multi entry visa ..... for Indian businessmen visiting Argentina... free of cost.... Agreement in English - in Spanish
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Café con Visa (Coffee with Visa) |
The Embassy of India in Buenos Aires gives "cafe con visa". The visa applicants are invited to have coffee and by the time they finish the coffee, the visa is made ready. |
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Yellow Fever Vaccination Certificate |
With effect from 12 June 2008, Indian visitors to Argentina are required to take yellow fever vaccination and take the certificate during travel. Argentines applying for visa also need to produce a yellow fever certificate for visa. This is mandatory. Travel without the certificate has the risk of being quarantined in Indian airports.
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Airlinks |
Following are the route options to Argentina: 1) Mumbai- Johannesburg-Buenos Aires by South African Airways. On Wed, Fri and Sundays you leave Mumbai at 0230 hrs, reach Johannesburg at 0755 hrs, catch the connecting flt at 0950 hrs and reach Buenos Aires at 1730 for Wine and Tango on the same night. On return, you leave on Wed and Fridays at 1930 hrs from Buenos Aires, reach J’burg at 0855 hrs, take the connecting flt at 1130 and reach Mumbai at 0030 hrs. This route is shorter, faster, cheaper and you don’t need any transit visas. 2) Qatar-Buenos Aires (by Qatar Airways which has a stopover in Sao Paulo) 5) Kuala Lumpur – Johannesburg – Capetown – Buenos Aires (through Malaysian Airlines)
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Airport |
The international airport of Argentina, ‘Ministro Pistarini’ at Ezeiza - is located about 22 km away from the city. The domestic airport, ‘Jorge Newbery’ is located close to the city (6 km from downtown). From the domestic airport, there are also flights to Uruguay and some neighbouring countries. No food stuff should be carried either in the hand or the unaccompanied baggage since the customs authority is very sensitive and restrictive about phytosanitary issues. At the time of departure, an airport tax of USD 18.00 or its equivalent in the local currency has to be paid. |
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On arrival at airport |
On your arrival at the Ezeiza Airport, please take the prepaid taxis. Depending upon the traffic and the day, it takes about 30 minutes to one hour to reach the city from the airport. The taxi fare is 150/- pesos equal to US $ 40/-. |
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Changing money |
Currencies can be changed easily and international credit cards are widely accepted. |
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Taxis |
Taxis are plenty and inexpensive and available day and night. It is safer to use radio taxis or Remis. (Private taxi) especially late in the night. One of the typical frauds by taxi drivers in Buenos Aires is that they give fake currency notes while giving back change. It is, therefore, advisable to give exact change. |
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REMISES |
These are private taxis operated by numerous agencies spread out in the city. They can be called from hotels and restaurants. The minimum fare is 35 pesos. Embassy has a panel of remise companies. |
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Business Centre |
After arrival in Buenos Aires, the visitors are invited to visit the Business Centre of the Embassy as the first stop. The Commercial Officer, Marcelo, Second Secretary(Commercial) Eenam and Ambassador Viswanathan would be pleased to meet and provide information and guidance.
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Spanish interpreters |
While many Senior executives speak in English, it might be necessary to have interpreters for meetings at lower levels.
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English Newspaper |
The Buenos Aires Herald – www.buenosairesherald.com
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Getting around in Buenos Aires |
Like many other Latin American cities, Buenos Aires also has its share of crime and violence. The visitors have to be extremely careful with their travel documents and valuables such as jewellery, expensive watches, camera, video camera, cellular phones and laptops. If confronted by muggers and criminals, it is advisable to give away the valuables without any resistance. The muggers might harm you. They might have guns and can be violent under the influence of drugs. The visitors should carry about USD 20/- in a purse to be given away quickly if confronted by muggers. The rest of the money and credit cards should be kept separately and secretly.
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Shopping Malls |
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Tax Free Shopping in Buenos Aires |
There are some stores which offer Global Refund's Tax Free Shopping service in Buenos Aires, You will be able to purchase leather goods, clothing, handicraft, jewelry and hundreds of other articles, and benefit from a refund of up to 16% of the purchased amount at the airport. |
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Supermakets / Departamental Stores / Chainstores |
Carrefour Salguero 3212, Tel.40112700 Summer holidays are from 20 December to 15 February. Visitors should avoid this period. |
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List of Holidays |
January 1 New Year’s Day
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Hotels and domestic airlines have higher rates for foreigners. Hotels add 21% of tax to tarifs
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Five Stars (US$ 190 to US$ 410 plus tax) |
Sheraton Retiro Sheraton Libertador Hilton Marriott Plaza Hotel Four Seasons Hotel Buenos Aires Alvear Palace Hotel (historic & the most expensive) NH City Hotel Bolivar 160 Intercontinental |
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Four Stars (US$ 120 to US$ 180 ) |
Aspen Towers El Conquistador Regente Palace Hotel |
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Three Stars ( US$ 75 to US$ 120 ) |
Aspen Tower and Suites (with kitchenette facility) Carlsson Hotel Castelar Hotel |
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Travel Agency in the Embassy panel |
Travel agency: Visitors can use this agency (in the Embassy panel) for hotel and transportation and tours. Central Holiday Tour |
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Food |
Buenos Aires is a cosmopolitan city with a large number of restaurants with food from different regions of the world. PARRILLA (barbecue) is a typical Argentine restaurant where beef steak is the main dish. There are buffet restaurants called TENEDOR LIBRE (Chinese) which offers unlimited food at fixed price of around US$ 5/-.
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Tandoor
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Indian community |
There are about 200 Indians in Buenos Aires; half of them are those who are settled in the country for over 15 years. Many of them are from the Sindhi community. The Sindhis are in textile business importing from India, China and Hong Kong and in wholesale and retail business.
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IT/ BPO Companies: 4) CRISIL / IREVNA Pharmaceutical / Cosmetic companies: 12) GODREJ Argentina Electrical devices companies |
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Argentina-India Chamber of Commerce & Industry
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This is a special trade promotion initiative of the commerce ministry of India implemented in collaboration with business, since 1997. Under this, there are a number of proactive measures, including financial support for Indian companies to explore the LAC market, for participation in trade fairs, market studies, BSMs etc. Financial support is also given for LAC importers to visit India. The support is provided through export promotion councils and trade and industry bodies only and not directly to individual companies
Contact
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Some useful spanish phrases. Also, Spanish Dictionary online: http://www.spanishdict.com/
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