India, Paraguay agree to promote bilateral investment, explore new areas of collaboration

India and Paraguay have agreed to identify sectors of mutual interest to promote bilateral investment and decided to explore new areas of collaboration, including Information and Communication Technology and space and biotechnology.

The decisions were taken as Vice President Venkaiah Naidu visited the country. He is the highest-level representative of India to visit Paraguay since the establishment of diplomatic relations between the two countries in 1961.

Static/Current Takeaways Important for ESIC UDC and Stenographer Exam:
Capital of Paraguay: Asuncion, Currency: Paraguayan Guarani
President of Paraguay: Mario Abdo Benitez

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