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India and Cuba highlight potential to increase bilateral trade

New Delhi, Mar 12 (Prensa Latina) India and Cuba agreed today there is potential to increase bilateral exchanges, after the meeting of the Minister of Trade and Industry, Piyush Goyal, and the Minister of Foreign Trade and Investment, Rodrigo Malmierca.

The Cuban side also expressed its willingness to favor the investment of Indian capital in Cuba, as well as joint projects in renewable energy and the pharmaceutical industry, according to the Cuban official on his Twitter social network.

“In a working meeting with the Minister of Commerce and Industry of India, we agreed there is potential to increase bilateral trade. We express our will to favor the investment of Indian capital in Cuba and joint projects in renewable energy and the pharmaceutical industry.MejorSinBloqueo,” tweeted the minister of the island.

Malmierca and the business delegation that accompanies him ended a visit to the city of Bangalore, capital of the state of Karnataka and center of the national high-tech industry.

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

Also, the visitors met with Kiran Mazumdar-Shaw, president of the biopharmaceutical company Biocon, which develops ties with the Cuban state biotechnology organization BioCubaFarma.

The island’s representatives presented Cuba’s foreign investment opportunities in Bangalore, in a business forum led by the Indian Economic Trade Organization, headed by Dr. Asif Iqbal.

More than 60 local businessmen received information especially on the biopharmaceutical and renewable energy sectors.

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

The island’s delegation included the Vice Minister of Foreign Trade and Foreign Investment, Déborah Rivas; the director of Marketing of the Agriculture portfolio, Yisel González; and the Director of Generation of Renewable Energy Sources of the Electric Union, Ovel Concepción.

Also present were Jacqueline Pedrozo, in charge of the Energoimport company, and David Curbelo, commercial and business director of BioCubaFarma.

Minister Malmierca and the group accompanying him arrived on Thursday at the Indira Gandhi International Airport in New Delhi, coming from Doha, Qatar, where they participated in the 5th United Nations Conference on Least Developed Countries.

Cuba participated in that international meeting on behalf of the 77 + China Group and there reaffirmed its commitment to the most vulnerable states in the world and denounced the genocidal blockade imposed by the United States government for more than six decades.


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