Potential for increased bilateral trade between Cuba and India highlighted

NEW DELHI, 12 March. India and Cuba agreed today that there is potential to increase bilateral exchanges following a meeting between Minister of Trade and Industry Piyush Goyal and Head of Foreign Trade and Investment Rodrigo Malmierca, LP said. .

The Cuban side also expressed its readiness to support Indian capital investments in Cuba, as well as joint projects in the field of renewable energy and the pharmaceutical industry, the Cuban official said on the social network Twitter.

“At a working meeting with the Minister of Commerce and Industry of India, we agreed that there is potential for increased bilateral trade. We express our will by supporting Indian capital investment in Cuba and joint projects in the field of renewable energy and the pharmaceutical industry,” the island’s minister tweeted.

Malmierka and the accompanying business delegation completed their visit to Bangalore, the capital of the state of Karnataka and the center of the national high-tech industry.

There, the group met with Chief Minister of Karnataka, Basavaraj Bommai, with whom they discussed the historical relationship that unites both peoples.

The guests also met with Kiran Mazumdar-Shaw, President of the biopharmaceutical company Biocon, which develops ties with the Cuban state biotechnology organization BioCubaPharma.

Island representatives presented foreign investment opportunities in Cuba in Bangalore at a business forum led by the Indian Economic Trade Organization headed by Dr. Asif Iqbal.

More than 60 local entrepreneurs received information, in particular, on the biopharmaceutical and renewable energy sectors.

Representatives of the Caribbean country visited the Federation of Chambers of Commerce and Industry of Karnataka and toured the International Manyata Tech Park software technology park in Bangalore.

The island’s delegation included Deputy Minister of Foreign Trade and Investment Deborah Rivas; Agricultural Portfolio Marketing Director Isel Gonzalez; and director of renewable energy production at the Electric Union, Ovel Concepción.

Also present were Jacqueline Pedrouzo, head of Energoimport, and David Curbelo, commercial director of BioCubaPharma.

Minister Malmierka and his entourage arrived at the Indira Gandhi International Airport in New Delhi on Thursday from Doha, Qatar, where they participated in the Fifth United Nations Conference on the Least Developed Countries.

Source: Juventud Rebelde


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