Five century old historic and cultural
links are the cornerstone of the present extensive, amicable and comprehensive
India Brazil Relationship.
Presence of Portuguese culture around the
Western suburbs of India and Asian migration to South America well emanates
this cultural bond and exchange.
Both India and Brazil are same alike
emerging economies and share the stage at various International forums such as
BRICS, BASIC, IBSA, G-20, UN, UNESCO, WTO and looking forward for the permanent
membership of UN Security council in the near future.
Regular high level bilateral visits
provided a sustained impetus toward strengthening the Strategic Relation.
Recent Visit of Indian PM Mr. Narendra Modi to Brazil was in July, 2014 to participate
in the 6th BRICS Summit. This was a remarkable path breaking visit as far as
international and bilateral relations are concerned.
Development of BRICS New Development Bank
and BRICS contingent Reserve arrangement were very significant step toward development
of this region as well as other developing nations.
Brazil being the key global partner for
India in the entire LAC region, PM Modi emphasized on 5 T (Trade, Tourism,
Technology, Tradition, and Talent) relations with the country.
India is offering IT Technologies at
abstemious cost to Brazil. Manufacturing goods, polyester and cotton yarn,
chemical drugs are the major Indian export to Brazil. While Brazil is the major
supplier of Crude diesel, sugar, soy oil and copper to India.
To further expand and diversify trade and
investment flows and deepen cooperation in agriculture and dairy science,
conventional and renewable energy, space research and applications, defense,
cyber security and environment conservation, a total of 3 MOU’s were signed between
the two countries.
1. MoU on cooperation in the field of
environment
2. Implementing arrangement establishing
cooperation in augmentation of a Brazilian earth station for receiving and
processing data from Indian Remote Sensing (IRS) Satellites
3. MoU on cooperation in the field of
mobility and consular issues.
There has also been the two way investment
between India and Brazil. While the Brazilian companies invested in
Automobiles, IT, Legal Consultancy Outsourcing, Mining, Energy, Bio-fuels,
Indian big guns like Wipro, TCS, Infosys, Renuka Sugar, Mahindra and L&T
are already present there.
India- Brazil are rapidly growing economies
with solid agrarian and industrial base with a large middle class. Hence, a
symbolic promising relationship which is required for trade to grow is present
and shall be mutually beneficial for both.
*This text are made with colaboration:
Dev Sharma (Company Secretary & Cyber lawyer) - Dev Sharma & Associates. Lawyer from India. E- mail : csdevsharma786@gmail.com | dsassociates.legal@hotmail.com
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