CHENNAI (TIP): Paraguay hopes to partner with India on a diverse range of industries including natural resources, agriculture and education said the Ambassador of Paraguay to India, Genaro Vicente Pappalardo.Addressing a meeting organised by the Southern India Chamber of Commerce and Industry, he said the cost of living in Asuncion, the country’s capital, is the lowest among capital cities in the world. Paraguay has also business-friendly policies and easy to settle in.

Education is an important area with its young population going out to study in Europe and the US. Also in the last three decades, Paraguay has set up more than 50 universities.R. Thandavan, Vice-Chancellor, University of Madras, said the institution set up in 1857 has tie-ups with over 200 universities across the globe and is keen to partner with its counterparts in Paraguay. Student and faculty exchange and research collaborations could be explored, he said.