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MUMBAI: Jorge Glas, vice-president of the Republic of Ecuador, during his first ever visit to India invited investments in shipyards, pharma, mining, petrochemicals, steel, and pharma industry.
Speaking at an exclusive interaction organized by CII and the consulate of Ecuador in Mumbai, he said that his country, as a part of national strategy, seeks to shift the huge reliance of its economy on primary sector to advanced manufacturing industries and human resources.
The vice-president assured Indian companies of freedom, incentives, guarantee and security to grow their businesses.
In a presentation, he highlighted the positives of Ecuador including the significant improvement in its position on Global Competitiveness Index, notable position in Human Development Index, investment on education and health, strong infrastructure, low debt-to-GDP, low unemployment and focus on renewable energy.
He expressed his country's plans to generate 93% of its power from renewable sources viz. hydroelectric by 2016 and even to export it to the neighbouring countries. He portrayed Ecuador as not only a favourable investment destination but also as a desirable tourism destination blessed with diverse ecology.
Speaking of his recent experience at the 5th CII India-Latin America and Caribbean Conclave held in Delhi, he said that India has evinced great interest in investing in Ecuador. He described his interaction with ministers and companies as intense, productive, frank and friendly.
Speaking at an exclusive interaction organized by CII and the consulate of Ecuador in Mumbai, he said that his country, as a part of national strategy, seeks to shift the huge reliance of its economy on primary sector to advanced manufacturing industries and human resources.
The vice-president assured Indian companies of freedom, incentives, guarantee and security to grow their businesses.
In a presentation, he highlighted the positives of Ecuador including the significant improvement in its position on Global Competitiveness Index, notable position in Human Development Index, investment on education and health, strong infrastructure, low debt-to-GDP, low unemployment and focus on renewable energy.
He expressed his country's plans to generate 93% of its power from renewable sources viz. hydroelectric by 2016 and even to export it to the neighbouring countries. He portrayed Ecuador as not only a favourable investment destination but also as a desirable tourism destination blessed with diverse ecology.
Speaking of his recent experience at the 5th CII India-Latin America and Caribbean Conclave held in Delhi, he said that India has evinced great interest in investing in Ecuador. He described his interaction with ministers and companies as intense, productive, frank and friendly.
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