Paraguay’s finance ministry has met with representatives of India’s Aditya Birla Group to discuss investment opportunities in Paraguay in areas such as cement, pulp and aluminium, the ministry said in a release.

The group was looking for information regarding the state of the country’s cement industry, forestation projects and Montreal-based aluminum company Rio Tinto Alcan’s US$3.5bn aluminium plant project.

The South American country has the necessary conditions to attract foreign investment, and is working to further improve conditions, said finance minister Dionisio Borda.

Source: Business News Americas
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