The Electronics and Computer Software Export Promotion Council (ESC India) recently spearheaded a successful visit by a high-level Indian Electronics and IT Industry Delegation to Asuncion, Paraguay. This collaborative effort, undertaken with the support of the Indian Embassy in Paraguay, aimed to solidify Information and Communication Technology (ICT) ties between the two nations and pave the way for mutually beneficial partnerships.
The visit culminated in a significant B2B event in Asuncion, attracting enthusiastic participation from Paraguayan ICT companies eager to explore collaborative opportunities with their Indian counterparts. Discussions and networking sessions revealed a remarkable synergy between the needs of Paraguayan companies and the expertise offered by Indian firms. This alignment sets the stage for a robust future of collaboration in the ICT sector, said Mr Sandeep Narula, Chairman, ESC India.
A Milestone MoU and Distinguished Guests
A significant outcome of the event was the signing of a Memorandum of Understanding (MoU) between ESC India and the Paraguay Chamber of the Software Industry (CiSOFT) by Mr Rajesh Revankar, Regional Chairman (South), ESC India and Ms Vanessa Canete, President, CiSOFT. This MoU signifies a shared commitment to fostering growth and collaboration in software, electronics, and IT trade between India and Paraguay, added Mr Revankar.
The presence of dignitaries further bolstered the collaborative spirit. Yogeshwar Sangwan, Ambassador of India in Paraguay; Gustavo Villate, Minister of Information and Communication Technologies (MITIC); Ms Vanessa Cañete, President of CiSOFT; and representatives from Rediex (Ministry of Industry & Commerce) all graced the event. Their active engagement with Indian companies fostered a positive environment and underscored the importance of collaboration within the technology sectors.
“In fact, CiSOFT also looking forward to sponsoring the visit of Paraguay ICT delegation to visit 25th edition of INDIASOFT 2025 – International IT Exhibition & Conference in New Delhi to further explore the tech collaborations between the two countries,” according to officials.
Paraguay’s IT Sector & India
Paraguay’s booming IT sector, fuelled by a growing middle class seeking affordable electronics, presents a win-win scenario for Indian companies, said Gurmeet Singh, Executive Director, ESC India.
“On the hardware side, India’s cost-effective solutions for smartphones, laptops, and tablets are perfectly positioned to meet Paraguay’s rising demand. Software development is another area ripe for collaboration, with Indian expertise in custom software and enterprise applications aligning perfectly with Paraguayan companies’ need for tailored solutions. IT services offer even more opportunities,” added Mr Singh.
Paraguay’s recent adoption of electronic invoicing (SIFEN) opens doors for Indian companies with e-invoicing solutions and integration expertise. Furthermore, as cloud adoption takes hold in Paraguay, Indian cloud service providers can offer data storage, security, and business application solutions to address this growing market. Finally, with Paraguay’s IT sector flourishing, Indian companies can provide valuable support through IT training services and remote support solutions, Mr Singh further added.
Looking Forward: A Catalyst for Growth
This successful B2B program marks a significant milestone in solidifying ICT ties between India and Paraguay. Moving forward, ESC India remains committed to facilitating a deeper understanding of the Paraguayan market for Indian companies, navigating the business environment, and fostering strong partnerships. These collaborative efforts will not only propel India’s presence in the region but will also contribute to Paraguay’s digital transformation.