Cuba’s potential stands out for investment in an event in India (+Photo)

Cuba’s potential stands out for investment in an event in India (+Photo)
Cuba’s potential stands out for investment in an event in India (+Photo)

In the event that included the participation of ambassadors and members of the diplomatic corps accredited in the South Asian nation, the charge d’affaires of the Cuban mission to New Delhi, Abel Aballe, highlighted the attributes that make the Caribbean nation an ideal center for the establishment of Indian companies.

In this sense, he mentioned its privileged location in the Caribbean and connectivity with all regions of the world, its scientific potential, political and social stability, and the government’s vision of the country’s development.

The Cuban diplomat also pointed out the relations that India and Cuba have maintained for years.

India has been a reliable partner for Cuba for years. The common causes of the global South, capacity building and soft loans for development projects have been among the key aspects of the relationship between the two nations, she said.

He highlighted that awareness is increasing, both in India and Cuba, about the possibilities of strengthening the bilateral economic relationship.

Aballe emphasized that there is a business community on the island that recognizes and appreciates the strength of the Indian industry and that hopes to develop a dynamic commercial relationship with its counterparts in the Asian nation.

He also highlighted the facilities that Cuban trade offers for investment in tax and legislative matters, as well as the continuous process of updating laws and policies and adopting new measures to benefit business with the Caribbean nation.

The chargé d’affaires ai addressed in detail among the potential in the Caribbean nation renewable energies, biotechnology, agriculture and the food industry, information technology and tourism.

Finally, before the screening of the Cuba Única tourism campaign, the Cuban diplomat invited those present to participate in the FIHAV 2024 trade fair, which is held every year in Havana, the island’s capital.

Inaugurated by Uttar Pradesh Deputy Chief Minister Brajesh Pathak, the international business conclave in Uttar Pradesh brings together businessmen and country representatives to address issues related to export-import, collaboration, technology exchange, investment and bilateral trade .

This year, more than 300 industrial entrepreneurs from different sectors among 1,500 delegates also participate in this event, which also promotes the exchange of goods between India and other countries.

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