ProDominicana presents DR as a Hub for business in India

The Export and Investment Center of the Dominican Republic presented the business opportunities that the Dominican Republic has as a logistics hub and its marked political, social and economic stability that combined with sectoral incentives in tourism, free zones, border development that make the country an ideal destination for traditional as well as innovative industries such as pharmaceuticals, automotive and electricity.

During his mission, as part of a trade mission to India, ProDominicana as an investment promotion agency signed an agreement with Nivruti Rai, director general of the Investment Promotion and Facilitation Agency (Invest India), with the objective of strengthening trade and investment ties between the two nations, as well as sharing best practices.

The meeting was organized by the Dominican ambassador to India, H.E. David Puig and his embassy team.

Among the institutional meetings held by Biviana Riveiro Disla, executive director of ProDominicana, accompanied by Ambassador Puig and the Dominican delegation, the following stand out the meeting with the Secretary of Commerce Sunil Barthwal, with whom they discussed business opportunities between the two countries in order to create mutual collaboration and eliminate barriers to the entry of products; the meeting with Meenakashi Lekhi, Minister of State of the Ministry of Foreign Affairs responsible for Latin America and the Caribbean in order to catapult relations and exchanges at all levels; Utpal Gokhle, Chief General Manager of India EximBank with whom they explored the mechanisms of support and financing for investments and mega-projects.

As part of her participation in the IX India-Latin America and the Caribbean (LAC) Economic Conclave, held in New Delhi, India from August 3 to 5, and attended by some 600 people from India and more than 24 countries in the region, the director of ProDominicana participated in a panel presenting the possibilities, prospects and opportunities within the framework of the Alliance with the Central American Integration System (SICA), raising the attributes for co-production, synergies and the benefits of the country as a logistics platform and high connectivity.

This high-level meeting of the conclave addressed topics such as trade facilitation, logistics facilities and sustainability of the supply chain, agriculture and food processing, and trends and status of the pharmaceutical industry, energy and infrastructure, security and defense, technology and automotive industry.

Likewise, more than 70 contacts were made and more than 25 individual meetings were held with Indian companies, including TATA GROUP; Satang GM. Kalpataru International Limited, Cosmos International PVT, Indo Arabian Shipping Lines, Arunaya Organics, Luxury Ampersand Frolics Group Dr Reddy’s, Karavan Estes LLP, India, Kimar Vyas, CEO KK Consultants, Girissh Bajaj, Director, Bajaj Processpack, Fan Hrim Earth Resources Management, Mahindra, among others.



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