President Santiago Peña's visit to India reflects Paraguay's growing interest in deepening its engagement with Asia's largest democracy and fastest-growing major economy. The primary objectives of the visit include strengthening bilateral economic ties, promoting Paraguay as a strategic destination for Indian investment, and enhancing Paraguay's visibility as a regional integration hub in South America.

At the core of the agenda is the drive to attract Indian investment into high-potential sectors such as biofuels (especially ethanol, textiles, agrofertilizers), clean and renewable energy, agro-industry, manufacturing, logistics, and services. With its surplus of renewable hydroelectric power, a competitive tax and regulatory environment, macroeconomic stability and access to the MERCOSUR market, Paraguay offers an attractive proposition for Indian firms seeking efficient and strategically located production bases in the Americas.

Expected strategic outcomes of the visit include:

• Advancing discussions on joint ventures and investment facilitation, including incentives under Paraguay’s investor-friendly Maquila regime.
• Positioning Paraguay as a reliable gateway to the MERCOSUR trade bloc and the broader Southern Cone region.
• Exploring sector-specific cooperation in areas like industrial development, logistics infrastructure, and energy collaboration.
• Strengthening high-level institutional dialogue with a view to initiating steps toward development credit lines, trade or investment agreements.

I would certainly affirm that the relations between India and Paraguay are currently at their best momentum. Over recent years, both countries have displayed a deep commitment to fostering a robust partnership, marked by high-level visits at the Ministerial level, Private Sector Leaders and an increasing exchange of trade and investment. The strengthening of diplomatic ties has further solidified the bond between our two nations, paving the way for enhanced collaboration in various fields.

The increasing cultural exchanges and growing interest in each other's heritage serve as a testament to the deepening bond between our nations, laying a strong foundation for an even more prosperous and enduring partnership in the years to come

The present state of relations between India and Paraguay reflects a shared vision for mutual prosperity and development. Both countries have been proactive in identifying areas of common interest and leveraging each other's strengths to drive economic growth and innovation. This has led to new projects and a lot of optimism regarding the future of our bilateral relationship.

-H.E. Mr Fleming Raul Duarte Ramos, Ambassador of Paraguay to India