Published on : Friday, November 8, 2019
The Union Cabinet chaired by the Indian Prime Minister, Mr. Narendra Modi has given ex-post facto sanction to the Memorandum of Understanding (MoU) between India and Paraguay for fortifying cooperation in tourism. In New Delhi, the MoU was signed on 27th September, 2019.
Salient features and main objectives of the MoU:
The MoU agreement between India and Paraguay will assist the two countries in developing an institutional mechanism for improving cooperation in tourism. It will additionally help India in growing international tourist arrivals from Paraguay, which in return, will cause economic development and employment generation. It will create positive conditions for long-term tourism collaboration for the mutual benefits of all stakeholders within the broader framework and areas of cooperation. The MoU will explore to incorporate the best practices in order to implement the measures that will realize the objectives set out in this MoU.