The IMC Chamber of Commerce and Industry (IMC) hosted Santiago Peña Palacios, President of Paraguay. To further strengthen economic ties, IMC has signed a Memorandum of Understanding with Paraguayan authorities to enhance trade, investment, and economic cooperation between the two nations.

The MoU aims to foster mutually beneficial business engagement by encouraging Indian companies to explore investment opportunities in Paraguay—leveraging its investor-friendly ecosystem, strategic access to Latin American markets, and growing economic sectors. The high-level interaction at IMC brought together leading Indian business leaders, including managing directors, CEOs, and industry experts, for a focused dialogue with the visiting Paraguayan delegation. Discussions centered around potential collaboration in key areas such as agribusiness, renewable energy, logistics, automotive, pharmaceuticals, IT, and textiles. Paraguay’s stable economy, competitive tax regime, and access to the Mercosur bloc were recognised as compelling advantages for Indian investors.