The Ministry of Industry and Trade of Paraguay recently welcomed a business delegation that envisions Paraguay as a strategic hub for renewable energies in the region. Led by the Paraguayan Ambassador to India, the delegation is exploring investments to enhance the country's economy and strengthen its position in the energy sector. Praj Industries, renowned for its expertise in biofuels, is set to play a crucial role in assisting small producers in crop diversification and income growth. The delegation highlighted Paraguay's potential in producing innovative fuels for sustainable aviation, particularly using ethanol to meet increasing global demand. Discussions also included collaboration possibilities with the International Solar Alliance for the development of solar park projects, leveraging Paraguay's vast land availability and agricultural resources. The CEOs of companies like Praj Industries expressed optimism about mutual cooperation between Paraguay and India, emphasizing the country's potential in biofuel solutions, hydrogen, and solar energy. They believe that Paraguay has the opportunity to become a global leader in these fields. The regional manager of a firm emphasized the importance of utilizing resources, especially in the Chaco region, to ensure the sustainability of projects in the long term.