Underscoring its rising global influence, India’s Trident Group welcomed the President of Paraguay, Santiago Pena, during his recent official visit to Mumbai. President Pena met with Rajinder Gupta, Chairman Emeritus of Trident Group, as part of Paraguay’s strategic push to attract Indian investment into its growing industrial base.

The meeting, described as “very constructive,” focused on exploring opportunities in home textiles, chemicals, and pulp & paper areas where Trident has achieved global recognition. President Pena acknowledged Trident’s leadership in sustainable manufacturing and expressed interest in deeper collaboration with Indian enterprises seeking global expansion.

Gupta highlighted the company’s global vision and welcomed Paraguay’s proactive investment climate. “We are honored by President Pena’s outreach. Paraguay’s advantages present a compelling destination for future investment,” he said.

Trident, known for eco-conscious innovation and inclusive growth, sees Paraguay as a promising partner in Latin America. Discussions signaled the beginning of a potential long-term collaboration between Trident and Paraguayan stakeholders, aligning with India Paraguay economic diplomacy and reinforcing India’s industrial footprint abroad.

President Pena also outlined Paraguay’s competitive strengths: low labor costs, affordable real estate, abundant hydroelectric energy, and strategic location near Brazil and Argentina. As a member of the Mercosur bloc, Paraguay offers duty-free access to South American markets and preferential entry to Europe.

Further engagement between Trident Group and Paraguayan authorities is expected in the coming months, paving the way for potential investments that align with Trident’s mission of sustainable growth beyond borders.