Name the sectors of Brazil in which indian companies have invested money
Answers
Answer:
Answer: While the Brazilian companies have invested in automobiles, IT, mining, energy, biofuels, footwear sectors in India, the Indian companies have invested in such sectors as IT, Pharmaceutical, Energy, agri-business, mining, engineering/auto sectors.
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
large.
President Rousseff emphasised the special place this relationship enjoyed in
Brazil's foreign policy, because of the potential for bilateral cooperation and the
international significance of their partnership. She congratulated Prime Minister for his
impressive victory in the election and wished him all success for India's progress and
development. The two leaders recalled the historical and cultural ties between the two
countries, despite the distance, including the Gir cows that were brought to Brazil from
India, the textiles and the fruits that came from India to Brazil in the 18th and 19th
centuries. The two leaders agreed to take steps to further expand and diversify trade
and investment flows and deepen cooperation in agriculture and dairy science,
conventional and renewable energy, space research and application, defence, cyber
security and environment conservation. They also agreed to intensify their cooperation
in international forums and multilateral institutions, including the G 20. As leaders of G
4 countries, Prime Minister Modi and President Rousseff called urgent progress on
reforms of the United Nations, including the Security Council, by the time of the 70th
anniversary of the UN in 2015. On this occasion, the two sides signed three
agreements: MoU on Cooperation in the Field of Environment; Implementing
Arrangement Establishing Cooperation in Augmentation of a Brazilian Earth Station
for Receiving and Processing Data from Indian Remote Sensing (IRS) Satellites; and
MoU on Cooperation in the Establishment of a consultation mechanism on mobility