September 4, 2010 11:18 AM

printer

India, Brazil to focus more on infra projects

India and Brazil discussed investment opportunities in sectors like infrastructure during the visit of State Minister of Commerce and Industry, Jyotiraditya Scindia to Sao Paulo. Scindia, who is leading a 12-member business delegation to Brazil, Peru and Chile, met Brazilian Minister of Development, Industry & Foreign Trade Miguel Jorge on Friday and reviewed the bilateral commercial relations. A statement issued in New Delhi said both the countries discussed the possibilities of further strengthening the commercial relations and the prospects of investments and joint ventures in sectors like oil and gas, agriculture, infrastructure, sugar, IT, automobiles and renewable energy. Scindia also inaugurated the India-Latin America and Caribbean Conclave at Sao Paulo. He invited the Brazilian industrial community to visit India, especially during the India International Trade Fair to be held in New Delhi in November 2010. Trade between India and Brazil was $5.85 billion in 2009-10, up about 52 per cent from the previous year.

Most Read
View All arrow-right

No posts found.