ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Start ups
    • Funding
    • Appointments
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

India, Cuba discuss ways to boost business ties

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

India and Cuba have discussed ways to explore bilateral business opportunities and tap the huge investment potential in Latin America, the commerce ministry said today.

Commerce and Industry Minister Suresh Prabhu was on a visit to Cuba from October 28-31.

The visit was aimed at exploring "opportunities to tap the huge untapped potential, for not only bilateral trade but also investment in the Latin American and Caribbean regions", the ministry said in a statement.

The ministry said it has been the strategy to pursue new markets to expand India's trade footprint and targets to double trade with the Latin American and Caribbean region in the next 4-5 years.

Trade India and Cuba was USD 43.10 million in 2016-17 as against USD 55.64 million in the previous fiscal. Between India and Latin America, it stood at USD 14.27 billion in 2016-17 as against USD 14.6 billion in the previous fiscal.

With the Caribbean region, India's bilateral trade stood at USD 1.75 billion in 2016-17.

The minister met top leadership in Cuba including the First Vice President Miguel Diaz-Canel Bermudez Mario, Vice President and Minister of Economic Affairs Ricardo Cabrisas Ruiz and Minister of Foreign Trade and Investment Rodrigo Malmierca Diaz.

Further, an MoU was signed between the Federation of Indian Exporters Organisation (FIEO) and the Cuban Chamber of Commerce.

The MoU prioritises six sectors to increase bilateral trade and investments -- pharmaceuticals, tourism, renewable energy, bio-technology, sugar and infrastructure.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Wed, Nov 01, 2017
01:59 pm
PTI
RELATED NEWS
Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan? Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan?
Govt to sell 30 lakh tonnes of wheat in open market till March to control prices of wheat, atta Govt to sell 30 lakh tonnes of wheat in open market till March to control prices of wheat, atta
India’s economic fortunes critical for global growth, its rise being welcomed by world: Kumar Mangalam Birla India’s economic fortunes critical for global growth, its rise being welcomed by world: Kumar Mangalam Birla
Budget 2023: Boosting India's manufacturing sector - Experts shed light Budget 2023: Boosting India's manufacturing sector - Experts shed light
Budget 2023 EXCLUSIVE: Govt may extend 15% corporate tax levy deadline beyond 31 March 2024 Budget 2023 EXCLUSIVE: Govt may extend 15% corporate tax levy deadline beyond 31 March 2024

LATEST NEWS

Address users’ complaints against social media firms: Govt notifies grievances appellate committees

Central Railway Recruitment 2023: Apply for 50 Junior Technical Associate posts - last date, vacancy, age limit, selection process, fees | Know full details here

Pathaan box office collection: Shah Rukh Khan-starrer breaks all records — Check collection figures of SRK's last 5 films

Need to help India find alternatives to Russian military equipment: Biden admin tells lawmakers

NTPC Q3 Results: Net profit jumps nearly 5% YoY to Rs 4,854 cr; company announces dividend

Adani Group-Hindenburg saga: MSCI seeks feedback on Adani Group over Hindenburg report

Two Indian Air Force fighter planes - Sukhoi 30 and Mirage 2000 - crash in MP's Morena

5 smart home devices you should add to your list in 2023

Gigabyte G5 GE Review: An efficient, budget gaming laptop for new gamers!

UPSC Recruitment 2023: Apply for Marketing Specialist, other posts at upsc.gov.in - Check important dates, vacancies, and fees | Full detail here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV