Cuba Collaborations initiated in Kerala.

The Latin American Caribbean Trade Council (LACTC) jointly with the Indian Economic Trade Organization (IETO) organized the India Cuba Business Conference in the city of Thiruvananthapuram, Kerala which was attended by the Business community in South India.

The President of the Indian Economic Trade Organization, Dr Asif Iqbal, welcomed the Ambassador of Cuba, HE Alejandro Simancas Marin, in India and pledged the commitment of support between the two nations for a robust partnership. The Ambassador was accompanied by Abel Despaigne, the Deputy Chief of Mission, Embassy of Cuba.

The event was attended by the members of the Kerala state legislative assembly, people of eminence in the state and business representatives.

There is a huge interest in India for Cuba, a country with great scope for bilateral trading opportunities in Pharma, Medicines, IT development, and Industrial development by Indian companies. Specially with Kerala State it has much wider and historic partnership with linkage date back to the Fidel Castro times and the ideological similarities. Cuban presence is well known in the state and Kerala businesses to Cuba which was announced during the function.

India has also in the past extended various credit lines to Cuba through the Exim Bank a line of credit of USD 75 million (over Rs 500 crore) to Cuba for financing solar parks. An agreement was signed between the Export-Import Bank of India (Exim Bank) and Banco Exterior De Cuba in July 2020. India was amongst the first countries to extend recognition to Cuba after the 1959 Revolution.

The Founder of ICL FinCorp, Mr. K.C. Anil Kumar was announced as the Latin American Caribbean Trade Council’s Trade Commissioner for the region. He explained the business prospect and his commitment to bring a positive impact to enhance economic ties with Cuba and hence invited the business community to join the upcoming business delegation to Cuba. He added, “my goal is to build bilateral relations reach new heights between India and Cuba and our forthcoming Indian delegation in March 2023 will see tremendous interest from the Indian side”.

Ambassador of Cuba said, “Indo Cuban trade relations were essential and it was gratifying to see the development of trade relations between India and Cuba”. During his speech, Ambassador Alejandro Simancas recalled historic moments that laid the foundations of friendship, dialogue, and cooperation, which currently exist between Cuba and India, and stressed the opportunity for the Indian trade community to maintain this legacy and continue strengthening ties between the two nations. The Cuban diplomat valued India’s defence of its sovereignty and national independence, as well as its struggle for unity and consensus, concepts with which we fully identify”.

The famous Aranmula Kannadi (Aranmula mirror) was present to the Ambassador of Cuba and other dignitaries during the function which is a handmade, metal-alloy, first surface mirror made in Aranmula, a small town in Kerala, India.

Latin American Caribbean Trade Council (LACTC) is working on building bilateral trade relations by assisting Indian companies that are looking at various projects coming up in the Latin American region for promoting growth in commerce and trade, especially in Indian Pharma which is likely to increase as the Cuban market expands.

Latin American Caribbean Trade Council of India is taking a delegation to Cuba and other parts of South America during 2023 to strengthen mechanisms created for enabling these trade opportunities between India and Latin American region.

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IETO delegation to Hungary Export Development Conference in Budapest

IETO delegation was invited to the World Export Development conference in Budapest, Hungary, on 25-26 October 2017. Entrepreneurs from all over the world along with Policymakers came to gain fresh perspectives. Development partners, came to hear from practitioners about global strategies that worked on the ground.
President of Hungary János Ader welcomed the IETO delegation . Previously Mr Ader served as speaker of the National Assembly from 1998 to 2002 and deputy chairman of the European Parliament committee.

Delegation to the Republic of Djibouti

IETO Delegation invited to the Republic of Djibouti to formalize discussions on the Djibouti Airport project by GMR Builders in India and the supply of Tata Motor Sedan cars to the country. The Ambassador of Djibouti Mr.H.E. Mr. Said Absieh Warsama inaugurated the India Djiobuti Trade Forum initiated by IETO for various trade and promotion activity between the two countries.

Djibouti, a tiny nation of less than three million people in the Horn of Africa, is cooperating with India closely to combat threats to shipping in the Indian Ocean from pirates based out of civil war-wracked Somalia. Djibouti is an important transit port for regional and international shipping as well as a base for refueling.

“India has always been a significant entity in the region, as the name Indian Ocean implies. We are helping India directly as well as indirectly in the war against piracy. Indian marines are going to Djibouti and staying there two-three days before going out to sea to search for pirates,” Ambassador told in an interview here.

IETO Delegation to Baltic states with the Hon’ble Vice President of India

IETO delegation arrived in Latvia with the delegation of the Vice President M Venkaiah Naidu where meetings with various Latvian leaders were held to discuss ways to strenghten the bilateral ties.
The vice president, who reached the Latvian capital Riga on the second leg of his five-day three-nation tour to Lithuania, Latvia and Estonia, the first ever high-level visit from India to the three Baltic countries.
On his arrival at the airport here, the vice president was received by Andris Teikmanis, Head of the Chancery of the President of Latvia, Monika Kapil Mohta, Ambassador of India to Sweden and Latvia, and Artis Bertulis, Ambassador of the Republic of Latvia to India.
During the visit, Naidu had bilateral meetings with Latvian President Eglis Levits and Prime Minister Krisjanis Karins.
The vice president laid the wreath at Freedom Monument of Latvia and unveiled the bust of Mahatma Gandhi in the National Library of Latvia.

IETO to collaborate on opportunities in Artificial Intelligence with UAE

IETO Delegation met Mr. Omar Sultan Al Olama (عمر سلطان العلماء) Minister of State for Artificial Intelligence in the United Arab Emirates.

He used an effective metaphor to describe where this “race” is at on the international stage.

“AI is like a black box,” he said. “There are countries that do not care what is in the black box, as long as the answer – or what comes out of it – is positive,” he said. Others, like the EU “are not concerned about the answer as long as everyone fits in the black box. And there are countries that don’t care about what the black box is, as long as they have the biggest black box.”

The minister and other experts on the AI panel at the Paris Peace Forum agreed that the major issue at hand is inclusivity, both at the national and international level.

IETO Delegation invited to the Republic of Armenia

IETO Delegation visited the Republic of Armenia to participate in Trade and Commerce promotion between the two countries.
https://armenpress.am/eng/news/992155.html

The Indian Delegation along with the BEST University in Andhra Pradesh signed MOU’s with various Universities for exchanging faculty programs and other strategic initiatives that could help both the countries for building human potential. IETO organised the India Armenia Business Conclave to interact with various businessmen and CEO’s in Armenia.
The Governor of Tavush Region Hayk Chobanyan welcomed the delegation to explore opportunities in Armenia and the Northern region of the country that is strategically located between 3 countries Georgia, Azerbaijan, Turkey and Iran. MAUTO from chennai has initiated to start manufacturing plant in the country to promote tourism and development.
Indian Ambassador to Armenia Mr. K.D.Dewal was the chief guest along with the Governor of Tavush region. The Delegation comprised of a varied domain experts including Higher Education, IT, Electrical Mobility and Agriculture.

IETO Delegation visit to Israel with Chief Minister of Karnataka State

IETO visited Israel with the Chief Minister of Indian State Karnataka to collaborate and explore opportunities in Agriculture, Irrigation, Education and Health related businesses.
The Delegation was headed by Mr. H.D. Kumarswamy, Chief Minister, Mr. Basavaraj Horatti, Prof . Rangappa- Former Vice Chancellor of Mysore University, Puttaraju-Minister for Transport, Puttaswamy Gowda- Member of the Legislative Council in the state. The Delegation visited various livestock breeding farms and Irrigation companies to further the cause of Agriculture in the State.
To find long-term solutions to problems plaguing the agriculture sector, Chief Minister H D Kumaraswamy, in his maiden budget, has given a big push to the Israeli methods of farming and irrigation practices. Kumaraswamy, who had claimed to have brought back smart solutions such as drip and micro-irrigation adopted by Israel to benefit farmers of drought-prone regions, has now set aside Rs 150 crore for providing Israeli model irrigation facilities for 5 districts in the state. a high-level Agriculture Coordination Committee will be constituted under the chief minister’s chairmanship, which will meet once in three months and evaluate the impact of all programmes.