India and Argentina are expected to sign up to eight agreements during President Mauricio Macri's visit to the country, including one to expand defence cooperation, Argentinian ambassador Daniel Chuburu has said.
Macri, who arrived in India last week, is accompanied by a large delegation from Argentina's nuclear sector that will participate in the first meeting of a joint committee on nuclear issues. Argentina is also keen to pitch medium and small nuclear plants made by a state-run firm to India, Chuburu said.
He said, “We are [expecting to sign] seven or eight agreements, in areas such as defence, tourism, technology, education culture, and pharmaceuticals.
“We hope the MoU we are signing in defence will open a lot of possibilities in different areas,” he said, adding an Indian delegation will go to Argentina in March to find ways to step up defence ties.
Argentina's state-run INVAP, which has won a bid to build a nuclear plant in Holland and has constructed plants in Algeria, Egypt, and Australia, is keen to make a foray into the Indian market, Chuburu said.
INVAP will also explore the possibility of working with India in radars for civilian, military and meteorological use and satellites. Argentina is interested in benefiting from India's work on nano-satellites and its satellite launch programme.
Argentina, which has the world's second largest lithium reserves, is eyeing the Indian market for lithium-ion batteries, especially in view of the government's plans to ensure 30 per cent of cars on the roads are electric vehicles by 2030, Chuburu said.