Paraguay President Santiago Pena Palacios has called India an “admirable partner, respected friend, and source of inspiration” in many sectors. He noted that Paraguay has joined the International Solar Alliance and achieved full membership in the Global Biofuel Alliance and it looks forward to working closely with India to promote a fair, innovative, and sustainable energy transition.
Speaking at a banquet hosted in his honour by President Droupadi Murmu at Rashtrapati Bhavan on Monday, President Pena said, “I wish to express my sincere gratitude to Madam President Murmu for her generous hospitality and for this beautiful event, which so eloquently reflects the warmth of the Indian people. India, the world’s largest democracy, which is an economic dynamism and cultural richness, represents an admirable partner, a respected friend, and a source of inspiration in many areas. This official visit provides a valuable opportunity to further strengthen our bilateral relationship, which, despite the geographic distances, is grounded in shared values, mutual respect and a firm commitment to build a prosperous future together.
He noted that Paraguay values India’s openness to supporting power ways in developing technical capacities in renewable energy, projects that foster sustainable fuel production, and the implementation of cutting-edge technologies.
He said, “Indian investment in strategic sectors of the Paraguayan economy, such as steel, manufacturing and services, bear witness to the mutual trust and the great potential that exists to further enhance our ties. Paraguay values India’s growing presence and support through an open, predictable and private sector friendly policy.
“The recent attainment of investment-grade status is a clear demonstration of our sound institution and a very long-term vision. We are also united by a shared commitment to sustainable development. Paraguay is honoured to have recently joined the International Solar Alliance and to have achieved full membership in the Global Biofuel Alliance. -TIN Bureau