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PM Modi hugged Argentina President Xavier Milai.
Prime Minister Narendra Modi on Saturday paid tribute to the memorial of Argentina’s National Hero and Freedom Fighter General Hosse de San Martin. South American countries- Argentina, Chile and Peru, who gave freedom to Freedom, are also called a liberator.
PM Modi then met President Xavier Milai. President Xavier welcomed Prime Minister Modi to the capital Buenos Aires. PM Modi and Argentina President Xavier interacted at the delegation level at Buenos Aires.
According to the news agency ANI, there was talk of increasing bilateral cooperation in many areas including essential minerals, trade-investment, energy, agriculture between Modi and Xavier. Agreement on lithium supply is possible in both countries. Argentina has the third largest lithium reserves in the world.
PM Modi paid tribute to San Martin in the capital Buenos Aires along with Argentina Foreign Minister Gerardo Worthin.
Both countries made several agreements regarding farming, trade and minerals
PM Modi and President Xavier Milai discussed many different issues trade, security, agriculture and space
Trade and Security- PM Modi sought support from Argentina to carry forward the Indo-Markosur Primary Trade Agreement. He said that it will be beneficial for both countries. The two leaders also discussed increasing cooperation in the defense sector.
Agriculture and Health: The two leaders said that the agricultural sector is important for the economies of both countries. For this, it was directed to call a meeting of Joint Action Group on agriculture as soon as possible. PM Modi emphasized strength in India’s health and medicine sector, especially on the production of cheap medicines with high quality.
He demanded a change in the rules from Argentina to easily bring Indian medicines to the market, so that the people of Argentina can get cheap and life -saving medicines. Argentina gave information about fast clearance for import of Indian medicines.
The delegation of the two countries discussing different issues.
Energy and Minerals: The two leaders discussed cooperation in energy and mineral sector. Emphasizing India’s growing energy and industrial needs, PM Modi said that Argentina can become a reliable partner of India. Argentina has the second largest shell gas reserves in the world.
Along with this, there are huge reserves of lithium, copper and other minerals. They can meet the needs of India’s clean energy and industrial development. Indian companies such as Coal India Limited and Kabil have made five agreements for lithium mining in Argentina.
Space Sector: India and Argentina have a strong partnership in the space field. Argentina’s first satellite was launched in 2007 with the help of the Indian Space Research Organization (ISRO). Both leaders want to further strengthen this cooperation.
Support on terrorism: PM Modi thanked President Milai for the support of Argentina after a recent terrorist attack in Pahalgam. Both leaders emphasized partnership based on democratic values
PM Modi and President Milai greeted the people.
Modi’s second visit to Argentina after becoming PM PM Modi arrived at Argentina on a two -day tour on Saturday morning. On reaching the hotel, people from the Indian community welcomed him. This is Modi’s second Argentina tour after becoming PM. Earlier, he went to Argentina to participate in the G20 Summit in 2018.
Modi is on a trip to 5 countries from 2 July to 10 July. They have reached Argentina after Ghana, Trinidad and Tobago. Modi will also address people of Indian origin here. After this, his next stop is Brazil.
Photos related to Modi’s Argentina tour ….
Along with Prime Minister Modi, External Affairs Minister S Jaishankar also attended the delegation level conversation.
Argentina President Xavier Milai and PM Narendra Modi hugged each other.
PM Modi paid tribute to the memorial of Argentina freedom fighter General Jose de San Martin.
PM Modi landed at AGESA International Airport in Buenos Aires on Saturday morning according to Indian time.
On reaching the hotel, people of the Indian community welcomed PM Modi.
PM Modi met the people of the Indian community and joined hands with them.
Modi’s visit schedule in Argentina
5 July:
- Meeting Argentina President Xavier Milai.
- Will take part in the Indo-Argentina Business Summit 2025.
- Will sign important agreements.
- Will attend a cultural program with people of Indian origin
6 July:
- Argentina will hold a meeting with the Foreign Minister, Business Minister, and Energy Minister.
- Lithium and liquid can compromise on issues such as supply of natural gas (LNG).
- Will leave for Brazil, where he will attend the BRICS summit.
About 3 thousand Indian migrants in Argentina
About 3 thousand Indian migrants live in Argentina. Both countries are working on increasing cooperation in the defense sector. Military joint exercises and equipment were discussed between the two countries in February 2025.
India and Argentina are members of G20, G77 and United Nations. In 2023, Argentina appreciated India for hosting the G20 Summit and supported the African Union (AU) to be membership in the G20.
Business of ₹ 53 thousand crore between India-Argentina India is the fourth largest business partner in Argentina. Between 2019 and 2022 between the two countries, bilateral trade has increased to US $ 6.4 billion (Rs 53 thousand crore).
India exports petroleum oil, agricultural chemicals and two -wheelers to Argentina, while India imports vegetable oils (such as soybean and sunflowers), leather and grains from Argentina.
The two countries also emphasize cooperation in peaceful nuclear programs and energy. Argentina, India’s Nuclear Suppliers Group (NSG) supports membership. India applied for NSG membership in 2016.
Two big agreements have been made between India-Argentina regarding lithium On January 15, 2024, India signed an agreement with Argentina for Lithium Mining Mining.
Under this agreement costing Rs 200 crore, India’s government company Minerals Foreign India Limited (Kabil) will be allocated five lithium brine blocks in Argentina.
The two countries have signed an agreement (MOU) on February 19, 2025 to find lithium and increase cooperation in mining. India is still dependent on China for lithium. This agreement was done to reduce dependence on China.
Argentina insolvency 9 times in 100 years Argentina was one of the 10 largest economies in the world in the early 20th century. It was also ahead of Canada and Australia. Despite this, Argentina has failed to repay her debt 9 times since independence from Spain in 1816.
From 1930 to 1970, the government increased tariffs on imports to reduce dependence on imports, increase self -reliance and improve the country’s economic condition.
This had the worst impact on farming. Due to reduced import, there was a shortage of grain in the country, causing starvation conditions in the 1940s-50s.
Government spending and foreign debt rose by 75% during dictatorship in the 1980s. The prices of things needed reached 5000%. Bread, milk, and rice, were the most affected by this terrible inflation.
According to the World Bank, Argentina is the third largest economy in Latin America, with GDP of $ 474.8 billion (about 40 lakh crore rupees) and GDP per capita 12 thousand dollars (Rs 10 lakh) per person. Despite this, this country is struggling with economic instability.
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