Cuba is actively pursuing stronger economic ties with India, with a focus on sectors such as biotechnology, IT, and tourism. This was highlighted by the Cuban Ambassador to India, Juan Carlos Marsan Aguilera, during a session organized by the Merchants' Chamber of Commerce & Industry (MCCI).
Biotechnology and Pharmaceuticals
Cuba has a well-developed pharmaceutical and medical research sector. Ambassador Aguilera emphasized Cuba's pioneering status in biotechnology and pharmaceuticals, noting that its products have reached 45 countries. Cuba is recognized globally for its advancements in healthcare and biotechnology. India and Cuba have a history of collaboration in science, education, and culture, which provides a foundation for their evolving economic partnership. Both countries are committed to expanding cooperation in science and technology, particularly in biotechnology and biomanufacturing. Cuba has invited India to Bio-Habana 2026, a global biotechnology conference.
Information Technology
India has previously donated an IT Centre to Cuba, called the India-Cuba Knowledge Centre, which was implemented by NIIT and trained over 1900 Cuban professionals. Cuba's IT professionals have actively participated in IT-related events hosted in India. Both sides are exploring collaboration in the IT sector.
Tourism
Cuba is actively promoting its tourism sector and its unique attractions in the Indian market. Ambassador Aguilera highlighted Cuba's tourism infrastructure, which includes 10 international airports and multiple marinas. Cuba offers an electronic visa facility to facilitate travel and investment. The Cuban diplomat also expressed interest in participating in the International Kolkata Book Fair, underscoring the importance of cultural exchanges alongside economic partnerships.
Broader Economic Ties
India and Cuba have maintained warm and friendly bilateral relations, with India being among the first countries to recognize the Cuban government after the 1959 revolution. The two countries also maintain close contact in international forums such as the UN and NAM. Bilateral trade between India and Cuba is valued at over US$100 million annually. India has extended multiple lines of credit to Cuba, totaling $243 million, in sectors like agriculture, agro-food, and renewable energy.
Dr. Asif Iqbal, President of the Indian Economic Trade Organization (IETO), has expressed the organization's commitment to fostering stronger relations between India and Cuba. IETO is planning to lead a business delegation to Cuba in the first quarter of 2026 to explore collaboration opportunities.
In January 2026, India and Cuba marked 66 years of diplomatic relations, reaffirming their commitment to strengthening cooperation based on mutual respect and collaboration. Both countries are confident that their partnership will continue to grow, with India's BRICS Chairship in 2026 expected to create new opportunities for engagement.
