India, an emerging powerhouse with 1.45 billion inhabitants and on track to become the world's third-largest economy before 2030, is moving forward with a concrete strategy to invest in key sectors in Argentina: energy, mining, technology, agribusiness, and nuclear cooperation.
The relaunch of the bilateral relationship received a decisive boost a few days ago, with the visit of Prime Minister Narendra Modi to Buenos Aires, the first by an Indian head of government in more than five decades. In this context, Ambassador Ajaneesh Kumar gave an interview to Infobae, where he detailed the next steps of this strategic partnership that is being strengthened through concrete investments.
LNG plant, energy, and Vaca Muerta
One of the most ambitious projects being considered by New Delhi is the installation of an LNG plant (Liquefied Natural Gas) in Argentina. The idea is part of a memorandum of understanding between YPF and Indian state-owned companies such as OIL, GAIL, and OVL, with the goal of ensuring a reliable energy supply. Kumar explained that, in order to move forward, Argentina must demonstrate sustained production capacity and guarantee long-term availability for the Indian market.
"It's a massive capital investment. But if there is gas available and ready in a few years, India is willing to move forward. There could even be a pipeline if necessary," the ambassador stated.
He also anticipated the possibility of a joint venture between YPF and Oil India to exploit crude oil in Vaca Muerta, a long-term bet that could strengthen Argentina as a strategic energy supplier to one of the world's most dynamic economies.
Lithium, copper, and gold: India's mining ambition
The mining sector is also on the investment radar. Companies such as Kabil and MECL are already exploring five blocks in Catamarca in search of lithium, gold, and copper, minerals essential for the development of batteries and clean technologies. According to Kumar, if the exploration results are positive, investments could multiply rapidly.
"India needs critical minerals for its energy transformation. If the findings are promising, many more companies will come," he assured.
