In an effort to strengthen Costa Rica’s diplomatic, economic, and cultural ties with India, Néstor Gabriel Baltodano, the newly appointed Ambassador of the Central American nation to India, has outlined a clear roadmap to enhance collaboration in several key sectors. His vision revolves around promoting sustainable development, advancing green energy, expanding trade, and fostering cultural exchange between the two nations.
Strengthening Bilateral Relations
Baltodano’s appointment comes at a time when Costa Rica and India are poised to deepen their relationship across multiple fronts. In his first exclusive interaction with the Indian media, the Ambassador highlighted that sustainability and environmental conservation would be at the core of his efforts. “Costa Rica is a global leader in sustainability, and our ties with India are built on mutual respect for environmental preservation. We aim to build on these shared values to create opportunities for both countries,” Baltodano told Financialexpress.com.
A Focus on Trade and Investment
One of the new ambassador’s key priorities is to enhance Costa Rica’s trade with India, particularly in sectors such as information technology, pharmaceuticals, and sustainable agriculture. He sees a significant opportunity to boost business partnerships and streamline trade processes, ensuring easier access to markets in both directions.
“We are looking to increase trade volumes and create stronger business linkages, especially in areas where Costa Rica’s expertise in sustainability and technology aligns with India’s growing needs,” he said.
Opportunities for Indian Investment in Costa Rica
With Costa Rica offering a business-friendly environment, Baltodano sees strong potential for Indian companies to invest in key sectors such as biotechnology, eco-tourism, and renewable energy. He particularly highlighted Costa Rica as a hub for Indian companies seeking to expand into Latin America, emphasizing the country’s proximity to North American markets and its thriving innovation ecosystem.
“Costa Rica offers Indian investors a unique opportunity to expand operations into the Americas, with sectors like clean energy and IT being particularly ripe for collaboration,” Baltodano noted.
Green Energy: A Shared Goal
Given the shared focus on renewable energy, Costa Rica and India are well-positioned to collaborate on clean energy projects. The Central American nation’s progress in harnessing renewable energy sources for nearly all of its electricity needs serves as an example for India’s green energy aspirations. And he sees this as a gateway for joint research and development, technology exchange, and investment in renewable energy infrastructure.
“Costa Rica’s experience in wind and solar energy, combined with India’s renewable energy targets, presents an excellent opportunity for the two nations to work together on large-scale green energy projects,” Baltodano said.
Eco-Tourism and Wellness Initiatives
He outlined plans to increase Indian tourist arrivals. Costa Rica’s vast rainforests, pristine beaches, and luxury eco-lodges make it an attractive destination for Indian travellers looking for a unique blend of adventure and relaxation.
“We are enhancing efforts to make Costa Rica a top destination for Indian travellers, particularly those interested in sustainable tourism and wellness,” he said. “Our focus is on creating tailored travel experiences that highlight Costa Rica’s natural wonders and eco-friendly offerings.”
Furthermore, Baltodano sees significant potential in combining Costa Rica’s wellness tourism with India’s long-established Ayurveda practices. With growing interest in holistic health, Costa Rica aims to attract Indian wellness tourists seeking yoga retreats, Ayurvedic treatments, and rejuvenation.
Climate Change and Environmental Cooperation
Both Costa Rica and India are committed to tackling climate change. Baltodano underscored the need for collaboration on issues such as reforestation, carbon neutrality, and sustainable agriculture practices. He pointed to the potential for shared initiatives in tackling climate challenges, including research and development in sustainable urban planning and conservation technologies.
“There is immense scope for us to work together on sustainable solutions to climate change,” he stated.
Collaboration
Looking to the future, Baltodano issued a call for both Indian businesses and travellers to consider Costa Rica as a partner for growth and exploration.
“To Indian businesses, Costa Rica is ready to collaborate and offer opportunities in green energy, sustainable agriculture, and high-tech sectors. To Indian travellers, we invite you to experience our beautiful country and its ‘Pura Vida’ way of life, where nature and wellness come together,” Baltodano concluded.