• Submitted by: admin
• Business and Economy
• 05 / 02 / 2010

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New business opportunities between India and Cuba emerged on Friday, with the presence of three Cuban representatives at an Indian-Latin American trade meeting that took place in this capital.

More than five Indian companies were interested in the investment projects that we presented, Cuban Chemical Industry Business Group Director General Fidel Miranda told Prensa Latina.

According to the official, the sector he manages is looking for machinery to improve efficiency and lower productive costs.

Cuban Labiofam Injectable Products Company Director General Pavel Pizart also contacted several local companies that might become suppliers of the new equipment that are necessary to modernize production lines.

Havana City Historian's Office trade group leader Odilio Aguero asserted to have exchanged with potential suppliers of goods for the stores of his company and of construction equipment.

The three Cuban delegates attended the 4th India-Latin America and the Caribbean Conclave, which was sponsored by the Confederation of Indian Industry (CII) that was in session for two days at a hotel in New Delhi.

Representatives from Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Mexico, Peru, Trinidad and Tobago, and Uruguay attended the Indian-Latin American meeting that covered a wide range of economic sectors.

Bilateral trade between India and the Latin America and Caribbean region reached $16 billion in the years 2008 and 2009, in which nearly $6 billion correspond to exports to India and the rest to imports, according to CII data.

Source: Sierra Maestra