Paraguay invites India’s Trident Group to explore investment in yarn, pulp & paper

India’s Trident Group hosted the President of Paraguay, Santiago Peña, in Mumbai during his official visit aimed at strengthening industrial ties with India. The meeting with Rajinder Gupta, Chairman Emeritus of Trident Group, was part of Paraguay’s broader effort to attract Indian investments into its growing manufacturing sectors.

The ‘very constructive’ dialogue centered around topics such as: home textiles, chemicals, and pulp & paper core strengths of Trident. President Peña acknowledged Trident’s global standing and commitment to sustainable manufacturing, inviting the Group to consider Paraguay as a base for future expansion.

Gupta said, “Paraguay’s forward-thinking approach and business incentives make it an appealing destination for sustainable growth.” Trident is evaluating the potential for strategic collaboration, aligned with its focus on inclusive innovation and global scale.

President Pena emphasized Paraguay’s strengths: low-cost skilled labor, affordable industrial land, and some of the world’s lowest electricity tariffs due to abundant hydroelectric power. Its central location and Mercosur membership also offer manufacturers duty-free access to regional and European markets. Trident will now explore investment opportunities in Latin America that match its ambitions in circular textiles and sustainable fibre production.