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Cuba to attend forum of Chambers of Commerce and Industry of India

New Delhi, Mar 15 (Prensa Latina) The Minister of Foreign Trade and Foreign Investment of Cuba, Rodrigo Malmierca, accompanied by a delegation, attends a business forum of the Federation of Chambers of Commerce and Industry of India.

During the meeting, the Cuban representatives announced the sectors of greatest interest to develop investments with foreign capital in Cuba, citing food production, tourism, hydrocarbons, electric power with emphasis on the development of renewable energy sources, and others.

The Cuban officials highlighted the advantages of Cuba as a place for investments, as it has favorable factors such as political, social and legal stability, geographical location, security climate and high levels of education, social security and a healthy population.

Added to the aforementioned benefits are: the presence of highly qualified labor force, the government policy of prioritizing research and technological innovation, the existence of airports and ports that admit deep-draft ships, and the fact that nearly all of its territory is electrified, among other encouraging aspects.

Minister Rodrigo Malmierca told Prensa Latina that the objective of the delegation is to strengthen relationship between Cuba and India, specifically in the economic field. He also highlighted the strong potential that India offers in sectors of renewable energy, biotechnology and pharmaceutical industry.

“We believe that there is a very strong potential in terms of renewable energy sources, where India has many technologies, as well as in biotechnological sectors and the pharmaceutical industry, where both parties have some development, and all this encourages companies to do trade and investment businesses in Cuba,” he explained.

Malmierca was received by the Vice President of India, Jagdeep Dhankhar, with whom he discussed the close friendship between the two countries, which despite their diversity share common positions in multilateral agendas.

The Cuban delegation is visiting India in response to an invitation to the Summit of Associations taking place in New Delhi, organized by the Confederation of Industry and the Ministry of Commerce and Industry, which will count with the assistance of some 400 delegates from 67 nations.