Paraguay President Meets Trident Group Chairman Rajinder Gupta in Mumbai to Discuss Investment Opportunities
Mumbai, June 3, 2025: In a strategic push to attract Indian investments, Paraguayan President Mr. Santiago Peña met with Mr. Rajinder Gupta, Chairman of the Trident Group, in Mumbai. The meeting, described as “very fruitful,” focused on Paraguay's growing interest in attracting global investors in home textiles, chemicals, and pulp & paper sectors.
Mr. Gupta, a leading industrialist and head of the global conglomerate Trident Group, was invited to the interaction as part of Paraguay’s outreach to Indian business leaders. The discussions centered around how Indian industries, especially in textiles, can benefit from the investment-friendly climate in Paraguay.
President Peña highlighted the country’s key advantages that make it an attractive destination for manufacturing and exports. These include:
1. Competitive Costs
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Low Labor Costs: Favorable wage structures provide a cost-effective labor force.
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Affordable Real Estate: Industrial and commercial land is available at economical rates.
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Cheap Electricity: Abundant hydroelectric power contributes to low energy costs.
2. Strategic Location & Market Access
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Geographic Advantage: Paraguay’s central location in South America offers logistical benefits and proximity to large consumer markets such as Brazil and Argentina.
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Mercosur Agreement: As a member of the Mercosur trade bloc, Paraguay enjoys duty-free trade within South America and preferential access to European markets, reducing import and export costs.
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Export Potential: The global demand for textiles and related products continues to grow, positioning Paraguay as a competitive base for exports.
3. Maquila Industry & Incentives
Mr. Rajinder Gupta expressed appreciation for Paraguay’s proactive approach and shared his interest in exploring long-term investment possibilities. “Trident Group has always believed in global expansion through sustainable and efficient business practices. Paraguay offers a unique opportunity aligned with our vision,” he noted.
The meeting marks a key step in strengthening India-Paraguay economic relations and could pave the way for future collaborations between Latin America and Indian industries, particularly in sustainable manufacturing and export-oriented production.
Further engagements between Trident Group and Paraguayan trade authorities are expected in the coming months.
About Paraguay
Paraguay is a landlocked country located in the heart of South America, bordered by Brazil, Argentina, and Bolivia. Known for its political stability, natural resources, and investor-friendly policies, Paraguay is emerging as a growing hub for global business and trade.
Key highlights about Paraguay:
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Capital: Asunción
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Population: Approximately 7.5 million
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Official Languages: Spanish and Guaraní
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Currency: Paraguayan Guaraní (PYG)
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Political System: Presidential republic
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President: Mr. Santiago Peña (as of 2025)
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Economic Strengths
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Low Operational Costs: Paraguay offers some of the lowest labor, electricity, and real estate costs in Latin America.
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Maquila Law: This allows duty-free import of raw materials and export of finished goods, making it attractive for manufacturing, especially in textiles and light industry.
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Hydroelectric Power: Home to the Itaipú Dam, Paraguay produces abundant and cheap renewable electricity.
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Strategic Location: Centrally located in South America, with easy access to major markets such as Brazil and Argentina.
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Mercosur Membership: As part of the Mercosur bloc, Paraguay enjoys preferential trade terms within South America and with partner nations, including the European Union.
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Investment Opportunities
Paraguay is positioning itself as a gateway for Indian and global businesses looking to expand into Latin America through a cost-effective and export-friendly base.