India is looking at developing trade relations with Colombia. The color of Colombian products is a potential exchange element. India has a wide range of natural dyes, which Colombia imports. Colombia uses indigo for denim and India is a leading producer of this product. So there is a possibility for collaboration in terms of design, color and fashion.
India also sees potential for increased trade in denim, specifically, by strengthening business relations with Colombian companies in dyeing and printing. Both countries make denim but that made in Colombia is much more sophisticated, particularly its design and good quality finish.
India needs technology and refinement for its clothing industry and both countries could learn from each other because they are not competitors and they make different products for different markets. India exports clothing and textiles to the United States, Europe and Asia, while Colombia sells its products on their domestic market and, on a larger scale, to South America. Colombia is one of the important countries of Latin America. In addition to cotton, synthetic fabrics and fibers, the industry also makes readymade garments.
In general India with an integrated value chain would like to develop trade relations with Latin America through cotton, silk, yarn or mats.