Ecuador to hold investment road show in India next month

Kolkata: An investment roadshow by Ecuador to attract Indian investment will be held in a number of Indian cities next month.

The roadshow from December 8-13 will showcase investment opportunities for Indian companies in two dozen projects, including water resources, tourism, telecom, hydrocarbons, petrochemicals and infrastructure sectors, totalling over $ 3 billion.

The Ecuador Vice-President and four ministers along a business delegation would be in the country for the roadshow, the country's Ambassador Mentor Villagomez told an interactive session with CII members here today.

The country's trade balance is highly tilted in favour of India as Indian exports to the south American country stands at $ 230 million out of a total $ 250 million.

The country has adopted the US Dollar as its national currency during the early 2000 to stem inflation.

CII chairman committee on exports Sanjay Budhia said the step has helped the country in revival of its economy.

He also urged Villagomez to include Kolkata for the country's vice-president's trip to India.