The Indian Panorama

Tag: Mr. Russell Alexander Luther Rodas

  • CONSTRUCTION OF METRO LINE IN SAN SALVADOR

    CONSTRUCTION OF METRO LINE IN SAN SALVADOR

    GOVERNMENT OF REPUBLIC OF EL SALVADOR AND LAKSHMI CAPITAL SIGN THE MOU

    GUATEMALA CITY (TIP): Over the past decade, India’s remarkable achievements in successful infrastructural development have garnered global attention and inspired Indian companies to venture beyond their conventional roles of manufacturing and exporting finished goods. India’s rapid infrastructural progress serves as a beacon for other nations, with Central American governments eagerly embracing Indian companies to invest in and bolster their own infrastructural projects. Recognizing the strategic significance of the Central American region, companies like SRAM & MRAM have shifted their focus towards engaging in transformative infrastructure endeavors in Guatemala and El Salvador. This shift has led to the investment in ten impactful projects across these nations through their subsidiary, Lakshmi Capital, signaling a new era of collaboration and development.

    Amb Dr Mohapatra sharing some joyous moment with Mr. Romeo Rodríguez, Min Public Works and Mr. Russell Alexander Luther Rodas of Laxmi Capital after signing the MoU.

    In a significant stride toward strengthening infrastructure and economic development in El Salvador, Lakshmi Capital, and the Ministry of Public Works and Transportation of the Republic of El Salvador signed a Memorandum of Understanding in San Salvador on 16 February 2023 for construction of 22 km metro line project in San Salvador. The MoU was signed between Minister Romeo Rodríguez of Ministry of Public Works, Government of Republic of El Salvador and Transportation and Mr. Russell Alexander Luther Rodas of Laxmi Capital in the presence of Ambassador of India in Guatemala, Dr. Manoj Kumar Mohapatra. The metro line project aims to invigorate the economy and modernize transportation infrastructure in the country. Following a comprehensive pre-feasibility study, the decision was made to embark on the creation of a subway system in San Salvador, leveraging international investment for optimal outcomes.

    It is imperative to underscore that the initial proposal, initially spanning 11 kilometers, was subsequently augmented to an impressive 22 kilometers by the El Salvadoran Government. This remarkable expansion stands as a testament to India’s growing reputation globally and steadfast support, alongside the unwavering commitment and enthusiastic dedication showcased by Lakshmi Capital in propelling infrastructure development and fostering sustainable progress in El Salvador.

    The metro line project based on BOT Modal, outlines the Ministry of Public Works and Transportation’s role in providing pre-feasibility analyses, designs, and legal frameworks, while Lakshmi Capital will offer technical expertise and investment mechanisms. The signing ceremony followed a series of meetings convened by the Embassy of India in Guatemala between the Ministry of Public Works and Transportation and Lakshmi Capital, underscoring their shared dedication to the project’s successful execution. Both parties will begin exchanging crucial information, marking the start of the analysis, study, and proposal stages of the initiative.

    Mr. Romeo Rodríguez, Min Public Works and Mr. Russell Alexander Luther Rodas of Laxmi Capital showing the copy of the signed MoU.

    The metro line project stands at the forefront of reshaping transportation infrastructure in El Salvador, presenting Indian companies with a unique opportunity to make a lasting impression in the Central American region. This collaboration resonates with a mutual dedication to fostering economic advancement and sustainable growth. Moreover, this pivotal project serves as a precursor to a multitude of forthcoming endeavors, such as supplying buses, constructing the dry corridor, and implementing a solar power project. Discussions for these ventures are currently at an advanced stage, indicating the potential for additional Memoranda of Understanding to be signed in the near future.

  • Embassy of India Facilitates Tech Collaboration and Infrastructural Initiatives in Guatemala and El Salvador

    Embassy of India Facilitates Tech Collaboration and Infrastructural Initiatives in Guatemala and El Salvador

    GUATEMALA CITY (TIP): India, under the visionary direction set by Hon’ble Prime Minister Shri Narendra Modi on 3T (Tourism, Technology & Trade), has positioned itself as a formidable player in the global arena across various technological domains during last decade. In this direction, a team of Bharat Electronics Limited (BEL), a Navratna PSU under the Ministry of Defence, Government of India is currently Guatemala to pave the way for a substantial venture in the country, focusing on a comprehensive site survey for a forthcoming 170MW solar energy project. The site survey is being designed to intricately assess and analyze potential locations that can optimally harness solar energy for efficient power generation. This thorough examination includes an in-depth analysis of solar irradiance levels, topography, weather patterns, and environmental considerations. The ambitious 170MW solar energy project is poised to make a substantial contribution to Guatemala’s energy requirements, delivering clean and sustainable power to support the nation’s developmental needs. This collaborative venture underscores the commitment of the Indian government to contribute to Guatemala’s economic growth, energy security, and sustainable development. Beyond being a significant stride for BEL in the renewable energy sector, this project symbolizes a milestone in Guatemala’s journey towards a greener and more sustainable energy future. The presence of BEL in this significant endeavor reflects the shared vision of India and Guatemala in fostering technological advancements and addressing the global imperative of sustainable energy solutions.

    Presentation by representative of Bharat Electronic Limited at the Business Meet organized by Embassy of India on 12 January 2024

    India has witnessed rapid progress in electronics and telecommunications, fueled by the ‘Make in India’ initiative, which has boosted indigenous manufacturing and innovation. Central America recognizes the significance of advanced technologies like electronics, defense, aeronautics, and radar technology for regional development. Local companies understand the potential of these sectors in improving connectivity, communication networks, and access to digital services, fostering economic growth, education, and healthcare. Governments emphasize enhancing defense and security infrastructure, with growing interest in aeronautics and radar technology for transportation, disaster management, and surveillance. Acknowledging these needs, the Embassy of India facilitated a Business Meet on January 12, 2024, connecting local authorities, companies, and experts in these crucial sectors.

    In a concerted effort to disseminate crucial information and catalyze the advancement of indigenous technology, the Embassy proactively sought the participation of a representative from Bharat Electronics Limited (BEL) to address a gathering of Guatemala companies in the sector of telecommunication, defense systems, engineering goods and security systems. Representative from Bharat Electronics Limited (BEL) delivered a succinct presentation, acquainting the audience with BEL’s diversified expertise in areas such as homeland security solutions, smart cities, e-governance solutions, space electronics (including satellite integration), energy storage products (including e-vehicle charging stations and solar), network and cyber security, railways and metro solutions, airport solutions, Electronic Voting Machines, telecom products, passive night vision devices, medical electronics, composites, and software solutions. Notably, there was a keen interest among the participants, particularly inquiring about smart cities and security-related technologies.

    Signing of LoI between COITZA and BEL for 170MW of Solar Power Project

    Under the astute guidance of Dr. Manoj Kumar Mohapatra, the Indian Ambassador to Guatemala, the Embassy of India has played an active and pivotal role in organizing such insightful events aimed at disseminating valuable technology to the host country. It has been learned that the Embassy, in collaboration with Lakshmi Capital, an Indian company, is spearheading various infrastructural projects in the region, anticipating an investment of USD 6 billion. Advanced negotiations with the Government of El Salvador have resulted in the initiation of a metro line project and the supply of 5000 buses, representing a substantial investment of USD 1 billion. A Letter of Intent has already been signed between the parties. Similar discussions are underway with the Government of Guatemala for projects such as a metro line in Guatemala City, a train line across the country, and solar power initiatives. Furthermore, the Embassy is actively engaged in progressing discussions and is on the verge of signing a Letter of Intent with the Mayor of Xela for projects encompassing cable cars, the supply of 700 buses, installation of a hydraulic turbine, and project on solid waste management. These collaborative initiatives not only bolster the growing bilateral relations between India and Guatemala but also leverage India’s robust technological capabilities to fortify these ties.