Facts at a GlanceOfficial Name St. LuciaType of Government Parliamentary DemocracyHead of State Her Majesty Queen Elizabeth II HM’s Representative: Governor General Ms. Dame Pearlette LouisyHead of Prime Minister Kenny Davis AnthonyGovernmentMinister of External Hon Alva BaptisteAffairs, InternationalTrade and CivilAvation
Facts at a Glance Area 619 sq km Population 159,585 (July 2008 est.) GDP $ 1.3 billion (2011 est.) (At official Exchange Rate) GDP 2% (2011 est.) (Real Growth Rate) GDP (PPP) $2.142 billion (2011 est.) GDP[Per Capita (PPP)] $12,900 (2011 est.) Inflation Rate 1.9% (2011 est.) Exchange rate EC$ 2.70 = US$ 1(2009) External Debt $ 254 million (2004 est.)
Total Global Trade (Latest available figures) Total Imports : US$ 535.4 million (2011 est.) Total Exports : US$ 162.3 million (2011 est.)
INDIA – ST. LUCIA BILATERAL RELATIONS The Government of St. Lucia has expressed interest in signing a bilateral agreement with India in the fields of Information Technology, Education, Culture, Sports and Technical Cooperation. India has handed over a cash donation of US$ 500,000/- towards assistance in recovery and rehabilitation following Hurricane Tomas in December, 2010. Earlier, in March, 2010, India had made a cash donation of US$250,000/- towards reconstruction of St. Jude’s Hospital which was burnt down in early September 2009. In order to promote technical cooperation between the two countries, India has been providing 5(Five) scholarships slots to St. Lucia under ITEC.
INDIA – ST. LUCIA BILATERAL TRADE 2007-2008 2008-2009 2009-2010 2010-2011EXPORT 0.55 1.07 1.16 2.51%Growth -17.07 95.42 9.22 115.09IMPORT 3.78 25.58 0.48 0.32%Growth 111,047.06 576.79 -98.11 -33.56TOTAL TRADE 4.32 26.64 1.65 2.83%Growth 553.87 516.05 -93.81 71.50 Values in US $ Millions
Composition of Trade Major items of ExportItems 2008-09 2009-10 % GrowthPlastic articles 0.00 0.34 169,650.00Pharmaceuticals 0.21 0.29 41.30Iron and Steel 0.36 - - Major items of Import: Items 2008-09 2009-10 % Growth Vegetable oils 0.00 0.46 400.00 Metals, ores, scrap 0.16 0.03 -84.16All Values in US$ Millions
Potential Areas for India’s Investments & Joint Ventures Hospitality Industry - hotel supplies like bed sheets, terry towels, curtains etc. Management of hotels by Indian hotel chains. Pharmaceuticals and medical equipment. Food processing, coconut processing. Solar & Wind Power
Indian Diaspora There are a number of Indian doctors and other professionals in St. Lucia working in Government and private sector. There are a few Sindhi businessmen who are in imports, trading and duty free shops. The total number of such Indians will be around 250 (including families). There are three offshore campuses of medical colleges in St. Lucia where most of the faculty members and students are either American/Canadian nationals of Indian origin or Indian nationals from South India. There are about 5000 persons of Indian origin who came to St. Lucia in the 19th century as indentured labour. However, most of these PIOs have assimilated into the local population and are not in touch with India or Indian culture. There are three Cabinet Ministers of Indian origin in the present Cabinet.
Honorary Consulate of India Mr. Hira Asnaani HONORARY CONSUL OF INDIA, Monument Road, The Morne Fortune, P.O. Box 1525, Castries, Saint Lucia, TEL:(758) 451-6271 FAX:(758) 452-7870 Email:firstname.lastname@example.org