Paraguayan President Meets Trident Chairman Emeritus Rajinder Gupta to Attract Investment

Chandigarh, June 4, 2025: Underscoring its growing global influence and industrial leadership, Trident Group, one of India’s foremost global textile conglomerates, played host to a high-level diplomatic engagement as the President of Paraguay, Santiago Peña, met with Rajinder Gupta, Chairman Emeritus of the Trident Group, during his visit to Mumbai.

The meeting — described by both sides as “very fruitful” — forms a key part of Paraguay’s strategic initiative to invite Indian investment into its rapidly expanding industrial landscape. President Peña personally sought an audience with Mr. Gupta, acknowledging Trident Group’s exemplary contributions to sustainable manufacturing and its position as a global pioneer in value-driven industry.

At the heart of the discussions was Paraguay’s invitation to Trident and similar Indian enterprises to explore opportunities in key sectors, including home textiles, chemicals, and pulp & paper— areas where Trident has already established international excellence.

Rajinder Gupta, Chairman Emeritus, Trident Group, emphasized the company’s vision for sustainability, “We are honored by President Peña’s outreach and impressed by Paraguay’s proactive stance toward global collaboration.” He added “Trident Group has long envisioned growth through sustainable and globally integrated operations. Paraguay’s unique advantages make it an exceptionally compelling destination for future investment.”

President Peña outlined a series of competitive strengths that position Paraguay as a gateway for Indian manufacturers aiming to expand into Latin America and beyond: These include cost-efficient operations supported by low labor costs, access to a skilled and affordable workforce, and readily available industrial land at economical rates. Paraguay also boasts one of the lowest energy tariffs in the world, thanks to its abundant hydroelectric power. In addition to these operational benefits, Paraguay offers strategic trade and market access due to its central location in South America—bordering major markets such as Brazil and Argentina. As a member of the Mercosur trade bloc, Paraguay provides duty-free access to regional markets and preferential trade terms with Europe, positioning it as a strategic gateway for global expansion.

As a company that champions global expansion through eco-conscious innovation and inclusive growth, Trident sees potential for a long-term, mutually beneficial association with Paraguay. The engagement not only highlights Trident Group’s stature in the global industrial arena but also marks a promising chapter in India–Paraguay economic diplomacy, with particular resonance for Indian manufacturers seeking sustainable global scale.

Further dialogue between Trident Group and Paraguayan trade authorities is anticipated in the coming months, setting the stage for strategic investments that reinforce Trident’s commitment to excellence without borders.