in

Jaishankar woos Paraguayan companies by flagging Indian Embassy in Asuncion




External Affairs Minister S. Jaishankar on Monday said the establishment of a resident Indian Embassy here will spur an expansion of economic engagements between India and Paraguay, as he wooed Paraguayan companies to invest in the country.


Jaishankar, who is on his first-ever official visit to South America aimed at boosting overall bilateral ties with the region, is also the first Indian Foreign Minister to visit Paraguay, coinciding with the 60th anniversary of the beginning of diplomatic relations between the two countries.


He also inaugurated a resident Indian Embassy in Paraguay and said its establishment will take bilateral ties to a higher level.


The Indian Embassy in Paraguay began functioning from January this year.


The establishment of a resident Indian Embassy will spur an expansion of our economic engagement. Trade and investment will be the focus of our bilateral activities, Jaishankar said while addressing a business gathering here in the presence of Paraguay’s Minister of Commerce and Industry Luis Alberto Castiglioni.


Invited Paraguayan business to explore opportunities in India. Confident that Indian businesses will be equally active in Paraguay, he added. Earlier, the minister said that beyond economy, there are other areas where the two sides can work together such as culture, civil society, health, education and traditional medicine.


“We had a very good exchange of views on the state of the world. Our shared commitment to international rules-based order, a world which respects international law, which respects agreements, which supports multilateralism,” Jaishankar said, in a veiled reference to China.


In Sao Paulo, Brazil, Jaishankar on Saturday said that China has disregarded the border pacts with India, casting a shadow on the bilateral ties as he asserted that a lasting relationship cannot be a one-way street and there has to be mutual respect.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



supply hyperlink

What do you think?

Written by admin

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

‘T20 Becoming Business, But Test Cricket Is Still The Pinnacle’: Ben Stokes

Kuwait vs Hong Kong, Asia Cup Qualifier: When And Where To Watch Live Telecast, Live Streaming?