PXL/HO/Cir-023/2021-22 Date: 10.06.2021
Subject: Multi-Product Warehousing cum Distribution Centre in Central America-Guatemala
We are pleased to inform our member companies that the Federation of Indian Export Organizations (FIEO) with support of the Ministry of Commerce & Industry, Government of India and Embassy of India in Guatemala is exploring the possibility to start a “Multi - Product Warehouse Cum Distribution Centre” in Guatemala.
This initiative is being planned to address a major concern of time taken for containers to reach from India to Central America, being one of the major reasons for significantly low share of India’s exports in global imports of the region. The proposed multi – product warehousing facility cum distribution centre aims to cater the growing demand of Indian products in Central America, Latin America, Caribbean & NAFTA region.
Guatemala is strategically located and is equidistant to Northern most part of Canada and Southernmost part of Argentina making it the most appropriate destination for market players seeking market access to enter America as a continent. It is the most developed amongst the Central American Countries and is well connected to the region.
Key facilities of Warehousing cum Distribution centre (for Indian Companies) include:
Bilingual Sales team to promote and follow up with the buyers in the region
Min 50 Sq. mtrs dedicated area for each organization
Gated community warehouse cum distribution centre from security perspective
Helpers to sort and manage the goods
Accountants to keep track of stock
Complete Insurance of Goods
Market intelligence support
Guatemala is considered the largest Pharma market in the Central American region. Indian pharmaceutical exports to Guatemala amounted to USD 25.74 MN in FY 2020 -21 and overall pharma imports are forecasted to grow at a compound annual growth rate (CAGR) of 5.3%, reaching USD 839.3 MN by 2024.
Interested member companies are requested to submit the duly filled form enclosed herewith as their Expression of interest to firstname.lastname@example.org with a copy to email@example.com latest by 15th June, 2021.Please note: Due to limited space, preferences are to be given on first cum first serve basis and Federation of Indian Export Organizations (FIEO) reserves the right to select the participants/companies.
In case of any further details/queries, you may contact FIEO at +91-8586848676 or write back to firstname.lastname@example.orgemail@example.com