India and Latin American countries have steadily gravitated towards each other since the turn of the century, evidenced by rising bilateral trade and investment flows, said Minister of State for Commerce and Industry Jyotiraditya Scindia.

Inaugurating the India- Peru Seminar and Business Meet in Lima, Scindia said: "India can benefit from exporting manufactured goods to Peru and that India was also keen to invest in Peru as well as develop joint ventures for common projects."

He highlighted the success of the Indian economy, the opportunities present in India for Peruvian investment and the interest of Indian companies to work in Peru and with Peruvian companies in various fields.

Scindia is leading a business delegation in Peru to participate in a series of India-Latin America Conclave and Business meets.

Scindia also called on Peruvian Commerce and Tourism MInister, Martin Perez and discussed issues of mutual interest, including ways to increase bilateral trade and investment.

The Forum and Business Roundtable was jointly inaugurated by Scindia and Perez.

Both leaders called for enhancement of India-Peru economic engagement through a higher level of investment, capacity building and trade.

Given the synergies flowing out of complementarities in the growing economies of Peru and India, there is considerable scope for improving upon trade and investment between the countries with entrepreneurial communities like the CII of India and the Lima Chamber of Commerce of Peru taking a lead role. (ANI)