Suresh Prabhu visits Cuba for enhancing bilateral trade between the two nations
New Delhi, November 1: Minister of commerce and industry, Suresh Prabhu visited Cuba from October 28th – 31st, with the aim to make trade relation between India and Cuba more concrete. This visit will help to explore opportunities to tap the huge untapped potential, for not only bilateral trade but also investment in the Latin American and Caribbean regions.
India has always enjoyed a good political relationship with Cuba, with India being one of the first countries to recognise the regime after the Revolution. The visit of the Commerce & Industry Minister was to leverage this age old political relationship to enhance the economic and commercial ties between the two countries.
The Minister met many dignitaries to promote economic engagement in the form of a MoU between the Federation of Indian Exporters Organisation (FIEO) and the Cuban Chamber of Commerce. And also to focus on fields like Pharmaceuticals, Tourism, Renewable Energy, Bio Technology, Sugar and Infrastructure development
On this visit the First Vice President of Cuba Mr. Miguel Diaz said “India has a prominent role in global dynamics”
The Minister also visited the Centre for Genetic Engineering and Biotechnology (CIGB) and appreciated the high research standards and advancement in medical technology that Cuba has achieved and repeated the potential of cooperation between the Indian Pharmaceutical Industry which is a world leader in generics and CIGB to find affordable health solutions.