India, Brazil discuss investment opportunities

INDIA-BRAZIL

New Delhi, Sep 3 (PTI) With an aim to enhance economic
ties, India and Brazil discussed investment opportunities in
sectors like infrastructure during the visit of India's 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 on
Thursday 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 on Friday 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. PTI RK
MYR


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