Vice President address the India- Costa Rica Business Forum in San Jose

RSTV Bureau
Vice President M Venkaiah Naidu at India- Costa Rica Business Forum, San Jose.

Vice President M Venkaiah Naidu at India- Costa Rica Business Forum, San Jose.

Vice President M Venkaiah Naidu arrived in San José, Costa Rica, on his second leg of the two-nation tour. Vice President is the first high-level dignitary from India to visit the Central American country that has coastlines on the Caribbean and Pacific. He was received by Lorena Aguilar, Acting Minister of Foreign affairs, H.E Rodolfo Piza, Minister of the Presidency of Costa Rica and Shri. Ravi Thapar, Ambassador of India to the Panama City with concurrent accreditation to Costa Rica.

Vice President addressed the India- Costa Rica Business Forum in San Jose soon after his arrival, He spoke extensively on India’s growth story and asked India, Costa Rica business community to explore opportunities. He wanted both the nations to explore business opportunities in areas such as Renewable Energy, Space Research and Climate Change and Intellectual Property.

Speaking at the gathering, the Vice President highlighted India’s growth story and the transformation happening back home in terms of approvals, development of Infrastructure, connectivity, innovation and Technology. Vice President said that series of governance reforms undertaken by the government have been facilitating global business and Foreign Direct Investments in India.

Vice President Naidu said that Costa Rica, which is known as a peace-loving and prosperous nation, with its prominent economic standing, political stability and democratic credentials could become a significant partner for India both from the political and commercial point of view. He wanted the Costa Rican authorities to ease current visa policies and restrictions to allow Indian scientists, engineers and technology experts, academics, doctors, and other professionals to regularly visit Costa Rica and share knowledge and expertise.
Vice President said that the all-round economic growth registered by the Indian economy, governance reforms undertaken by Prime Minster Narendra Modi offers promising prospects for Costa Rican investors for getting high returns from investments made in projects in the India.

There is also excellent potential for setting up joint projects in the dairy farming industry. India is the world’s largest producer of milk . Indian private and public sector dairy companies, many of them functioning under the umbrella of Dairy Cooperatives, have developed innovative practices for processing, marketing and sale of dairy products which could be usefully applied in Costa Rica and neighbouring countries

Costa Rica is the 13th leading Trading Partner of India in Latin American region. India-Costa Rica bilateral trade in 2017-18 was US$201 million approximately 8% less than the previous year’s trade figures of US $218.15million. Evidently we need to improve our engagement. Costa Rica, a peaceful and prosperous nation, with its prominent economic standing, political stability and democratic credentials is a significant partner for us, both from the political and commercial point of view.

The Vice President Shri Naidu will be meeting the President of Costa Rica H. E. Mr Carlos Alvarado Quesada and hold delegation level talks. Shri Naidu will be awarded the honorary doctorate by the University for Peace and address on the topic Confronting the Several challenges to World Peace today. Later he would interact with Carolina Hidalgo Herrera, President of the Congress of the Republic of Costa Rica and address the Indian community.