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Bengal govt invites 18 LAC countries at ‘Bengal Global Business Summit’

Updated: Dec 03, 2018 12:14:43pm
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Bengal govt invites 18 LAC countries at ‘Bengal Global Business Summit

New Delhi, Dec 3 (KNN) Eighteen Latin American and Caribbean (LAC) countries have been invited to the fifth edition of the Bengal Global Business Summit (BGBS) to be held in February 2019.

The invitation to the LAC countries, which is a first for the BGBS, was announced by Amit Mitra, State Finance & Commerce and Industries Minister, while speaking at the conference, ‘India-LAC Business Cooperation: Special focus on West Bengal’, organized by Indian Chamber of Commerce (ICC) in Kolkata.

Mitra said that there are a number of core competency areas that Bengal and the LAC countries have in common, like leather, textiles manufacturing, information technology (IT) and a few others, and so, in these, there is potential for investment which will be beneficial for both sides.

The minister said “One company in Bangla has recently invested in Chile for the manufacturing of mining machinery. And now it is time for the LAC countries to come and invest big in Bangla.

About the foreign collaborations, Mitra said that six countries have already agreed to partner Bangla in BGBS 2019, including Germany and Italy which Chief Minister Mamata Banerjee visited in September this year.

The ambassadors from eighteen Latin American countries namely, Venezuela, Brazil, Paraguay, Cuba, Colombia, Mexico, Guatemala, Trinidad and Tobago, Guyana, Ecuador, Argentina, Panama, Dominican Republic, El Salvador, Peru, Suriname, Bolivia and Uruguay were present at the meeting.

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