The relationship between India and Argentina is experiencing one of its most dynamic and fruitful phases since the establishment of diplomatic ties 75 years ago. As India advances on its path to becoming the world’s third-largest economy by 2030, it increasingly views Argentina as a strategic partner to solidify its presence in Latin America—particularly in key sectors such as energy, mining, defense, technology, and innovation.
During a recent official visit by Indian Prime Minister Narendra Modi to Buenos Aires, Indian Ambassador Ajaneesh Kumar emphasized the growing bilateral momentum in a conversation with Infobae. According to the ambassador, this renewed partnership is not merely symbolic; it represents a deliberate and long-term commitment by India to deepen cooperation with Argentina.
A Strong Foundation of Trade and Investment
India currently holds over USD 1.2 billion in investments in Argentina and recorded more than USD 5 billion in bilateral trade in 2024—a notable increase fueled by the growth of agro-industrial and energy exports. However, the relationship is poised to move far beyond traditional trade. India is particularly interested in expanding its footprint in Argentina’s critical mineral value chains, including lithium, copper, gold, and hydrocarbons.
Public sector giants like Kabil and Coal India are already active in the province of Catamarca, a region rich in mineral resources. In addition, Oil India has signed a memorandum of understanding with Argentina’s YPF to explore the development of a liquefied natural gas (LNG) plant, with the possibility of building a pipeline to the coast if sufficient supply can be ensured.
Energy and Innovation at the Core
Ambassador Kumar highlighted nuclear energy as another promising area of cooperation—particularly Argentina’s expertise in Small Modular Reactors (SMRs). These compact, cost-effective nuclear units are ideal for remote regions and present a unique opportunity for bilateral technology transfer.
Moreover, India is eyeing partnerships in advanced technologies such as artificial intelligence, financial technology (fintech), biotechnology, and agricultural technology (agrotech). These are areas where India’s robust digital ecosystem and Argentina’s growing innovation capacity can intersect productively. The potential adaptation of India’s Unified Payments Interface (UPI)—a highly successful digital payment system—into the Argentine market is a prime example of this synergy.
A Long-Term Vision Backed by Political and Economic Stability
With Prime Minister Modi having secured a historic third consecutive term and the Indian economy growing at a solid 6% annually, India is well-positioned to act as a long-term investor in Latin America. However, as Ambassador Kumar cautioned, the success of this collaboration will depend on Argentina’s ability to offer a stable and predictable environment for investment.
“India needs energy, minerals, food, and technology—and Argentina has plenty of that,” Kumar stated. “But we also need planning, legal certainty, and a state policy that ensures continuity.”
Looking Ahead
The strategic convergence between India and Argentina signals a deeper shift in global alliances, particularly in the context of the Global South. As both countries seek to reduce dependence on traditional powers and forge new pathways to growth and innovation, their partnership could become a model for cooperation between emerging economies.
In the coming years, continued high-level engagement, targeted investment, and a shared vision of development could transform the India–Argentina relationship into one of the most impactful partnerships in the Southern Hemisphere.