Charting a New Economic Chapter: Hinduja Family Engages with Paraguay's Vision
Representing the Group at the meeting were Prakash Hinduja, Chairman of Hinduja Group Europe; Ashok P. Hinduja, Chairman of Hinduja Group of Companies (India); and Ajay Hinduja, a prominent member of the promoter family and son of Prakash Hinduja.
The engagement was hosted by the Hinduja Family at The OWO in London, the restored Old War Office building. It is noted as a landmark development by the Hinduja Family, bringing together the Raffles London hotel and exclusive residences. President Santiago Peña described the meeting as a move in a right direction for Paraguay's mission to attract high-value global investments.
Reflecting on the meeting, President Peña said, 'I held a meeting with the principal shareholders of the Hinduja Group, the largest business conglomerate in India. We discussed the great opportunities that Paraguay offers in sectors such as energy, technology, and automation. With a presence in India, Europe, Asia, and the Americas, expressed strong interest in our country. I am convinced that we will continue to attract investments that generate jobs, development, and more opportunities for all Paraguayans.' This interaction with the Paraguayan leader reflects the awareness of the evolving nature of the nation and how Hindujas are interested in playing a key role in the economic landscape of Latin America. With their footprint in multiple continents, the Hinduja Family has set a larger pattern of Indian-origin business in establishing subsidiaries in new and lesser explored markets. The Hinduja Family may lead to other Indian interests in Paraguay going forward.
'Paraguay has a great potential when it comes to developments as per the global trends in sustainability and technology. We look forward to working together to establish new value chains across Latin America,' says Prakash Hinduja.
'The Hinduja Group has always invested in emerging opportunities that contribute to national development,' said Prakash Hinduja. 'Paraguay's vision and has inspired us, and we are excited about the future possibilities.' Ajay Hinduja, representing the next generation of leadership within the Group, also highlighted, 'Our family has always believed in creating long-term relationships with mutual growth. Paraguay offers adequate opportunities to invest in both people and ideas.' The Hinduja Group's interaction with President Peña highlights how family-owned organisations around the world can influence the international investment flows. Partnerships with large businesses like the Hindujas will have a lasting effect on Paraguay's economy.
This meeting between President Peña and the Hinduja Group will help both sides to strengthen the economic ties, foster innovation and create a common path for sustainable development. On one hand, Paraguay can display the opportunities, it has to offer, to all the future investors and on the other hand, Hinduja Group can create an international vision guided by their generational commitments, while making a local impact.
(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR
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