Name the sectors of Brazil in which Indian companies have invested money
Answers
One good example is the wide range of opportunities in the renewable energy sector. The country is the third largest global market and the largest Latin American market for renewable energies. Brazil’s share of non-hydro renewables in its electricity matrix is expected to increase from 16.5 per cent in 2015 to 53 per cent in 2040.
Also in the energy sector, Brazil has one of the largest petroleum reserves and is home to one of the biggest oil discoveries made in the Western Hemisphere in the past 30 years: the ultra-deepwater oil finds off the country’s southeast coast, known as ‘pre-salt’ oil. In addition, Brazil is one of the top producers and exporters of ethanol biofuel in the world. Both sectors have plenty investment opportunities for foreign companies.
There is also a huge opportunity in the agribusiness sector. There is an increasing demand to feed the growing global population, expected to reach 9 billion by 2050. Brazil became one of the world’s largest agricultural producers and exporters in the last two decades, becoming one of the greatest global food suppliers. As mentioned by the World Food Organisation (FAO), Brazil will be fundamental for the world’s food security by 2030. Due to that, new investments in technology (Agritech) and agribusiness-related infrastructure are fundamental and represent an important opportunity niche for foreign investors.
Answer:
India Brazil relationship is extensive and comprehensive covering every
important segment of interaction, seen at all three levels: bilateral, plurilateral in forum
such as IBSA, BRICS, BASIC, G-20, G-4 and in the larger multilateral arena such as
the UN, WTO, UNESCO, WIPO, etc. Bilateral relations between India and Brazil have
acquired the dimension of a strategic partnership in the last decade under the
leadership of former Brazilian President Luiz Inacio Lula da Silva. His successor
President Dilma Rousseff’s first ever visit to India in March 2012 provided greater
commitment and content to this relationship.
On 16 July 2014, President Rousseff hosted Prime Minister Narendra Modi in
Brasilia on the margins of the Sixth BRICS Summit. Although it was not a bilateral
visit, President Rousseff, in a special gesture, received Prime Minister Modi with full
military honours at the Presidential Palace before their meeting over breakfast. Prime
Minister Modi warmly congratulated President Rousseff and the people of Brazil for an
excellent FIFA World Cup, which showed the world Brazil's excellent organizational
skills and warm hospitality. He thanked President Roussef for a well organized and
successful BRICS Summit, and, in particular, arranging a meeting for BRICS with
South American leaders. Prime Minister described Brazil as a key global partner for
India. He noted that as two democracies and major emerging economies, India and
Brazil not only had vast potential for bilateral cooperation, but also to strengthen each
other in international forums and advance the interests of the developing world at