Cuba eyes further Indian investments

It was during the fall of 1973 that Fidel Castro had made a historic stopover at the then Dum Dum airport while returning from Hanoi. The simple stopover turned out to be a historic touchdown. Addressing the crowd from the airport portico, Castro recalled in his speech Indias freedom struggle and Kolkatas tradition of peoples movements against imperialism

An interesting yet little-known fact is that Nobel Laureate Rabindranath Tagore is also regarded as an important icon in Cuba. Tagore’s birth anniversary is celebrated every year in the country and there is even a library at Casa de Asia named after Tagore!


India shares close, warm and historical relations with Cuba and both countries are founding members of the Non-Aligned Movement.

H.E Mr. Alejandro Simancas Marin (Ambassador of Cuba to India) during an interactive session hosted by the Indian Chamber of Commerce on Friday said ” There has been no conflict in the relations between the two countries and we see them growing in the coming years. We are looking for more Indian investment in Cuba.”

The discussion emphasized on improving the bilateral relationship between Cuba and India. Various collaborations between the different sectors from the two countries were also discussed. Asif Iqbal, President of Indian Economic Trade Organization in the session said ” Emphasizing on the health sector would be beneficial for bilateral relations. We are always looking for more investment opportunities from India to Cuba. ICC has also been very helpful in this venture.”

Pradeep Sureka, President – ICC & MD, Sureka Group said ” India and Cuba have a high level of political contact. We as a chamber look forward to strengthening this relationship as there is more that both the countries have to gain from this friendship.”

He also mentioned, ” India has extended six lines of credit (LOC) amounting to USD 248 million to Cuba in power, wind energy and fertilizers. India had also extended USD 100 million to meet food grain shortages in that country. He also remarked, “In 2021 the bilateral trade between the two countries was 21.28 million.”

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