India-Panama Business and Cultural Council
About Panama
Panama, a key nation in Central America, is a vibrant and diverse country known for its rich
cultural heritage, strategic location, and growing economy. With a population of over 4 million
people, it serves as a crucial link between North and South America. The capital city, Panama City,
is a modern metropolis, renowned for its impressive skyline, financial district, and historic Casco
Viejo, a UNESCO World Heritage site.
Panama's geography is defined by its iconic Panama Canal, one of the world’s most vital trade
routes, connecting the Atlantic and Pacific Oceans. The country is also home to lush rainforests,
mountain ranges, and pristine beaches along both coastlines, attracting tourists and nature
enthusiasts.
Economically, Panama has one of the fastest-growing economies in Latin America, driven by banking,
logistics, and international trade. The Panama Canal generates significant revenue, facilitating
global commerce. The country also exports key agricultural products like bananas, seafood, and
coffee. With a stable economy and business-friendly policies, Panama has become a regional financial
hub.
Culturally, Panama is known for its diverse music, dance, and traditions. The annual Carnival is a
major celebration featuring parades, vibrant costumes, and folk music. Traditional Panamanian music,
including tamborito and salsa, reflects indigenous, African, and Spanish influences.
Despite its economic success, Panama faces challenges such as income inequality and environmental
concerns. However, it remains a major player in global trade and regional affairs. With its rich
history, dynamic economy, and strategic importance, Panama continues to be a land of opportunity and
growth.
Objectives
Business Council
To promote bilateral trade between India and Panama To boost businesses of all the sectors, particularly MSMEs, and create business opportunities To promote businesses of all sizes across the two countries Establish business to business and people to people contact Create tie-ups amongst chambers of commerce and have businesspeople as part of this council.
Cultural Council
To promote cultures and exchange ideas and values through this council Facilitate cultural exchanges in the form of music, dance, history, artifacts, exhibitions, expos and even through online mediums Create opportunities for student exchanges, training and courses to promote cultural relations between India and Panama To promote artists through shows, exhibitions, etc. either in person or through online mediums.
