Economy

Brazil rolls out red carpet to Indian investors

Our Bureau Kolkata | Updated on November 23, 2017

Brazil has invited India to invest in its infrastructure sector.

“The next soccer World Cup and Olympics will be held in Brazil and we will be making massive investments in infrastructure. India, which has been an important trade partner, is surely expected to play a big role in that,” Carlos Sergio Sobral Duarte, Ambassador of Brazil to India, said on Saturday. Duarte was here to attend a seminar organised by Indian Chamber of Commerce on India’s trade with Latin American countries.

According to him, Brazil has planned investments to the tune of $16.2 billion for expansion of three airports and $66.5 billion to improve rail and road connectivity.

Bilateral trade

The bilateral trade between Brazil and India is expected to touch $15 billion by 2015 from the current $9.3 billion.

Meanwhile, Cristian Barros Melet , Ambassador of Chile, said his country was confident of concluding the Preferential Trade Agreement (PTA) with India by this month end. “But, we must consider the views of the different ministries involved and (are) waiting for their response. I am confident it would be done this month,” Barros said.

Officials on both sides were in talks to finalise agreement, he said.

ayan.pramanik@thehindu.co.in

Published on November 03, 2012

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