With an aim to enhance economic ties, 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 and Foreign Trade Miguel Jorge yesterday and reviewed the bilateral commercial relations.
“They 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,” a statement issued here today said.
Scindia also inaugurated the India-Latin America and Caribbean Conclave (Brazil) in 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 USD 5.85 billion in 2009-10, up about 52 per cent from the previous year.