India and Brazil are not only partners but can share best practices for their mutual growth and progress, External Affairs Minister S Jaishankar said as he interacted with prominent businessmen here on his maiden official visit.

Jaishankar is on an official visit to Brazil, Paraguay, and Argentina from August 22-27. This is his first-ever official visit to South America.

"A useful interaction at LIDE, an association of entrepreneurs of Brazil. Networking of established Brazilian entrepreneurs with a growing Indian presence in Brazil was visible.

India & Brazil are not only partners but can share best practices for their mutual growth & progress," Jaishanakar tweeted on Tuesday.

"Visited Federation of Industries of the State of São Paulo, the largest Industry association of Brazil. Presentations from WEG, @embraer and UNICA reaffirmed the significant opportunities exist for greater business cooperation," he tweeted.

On Monday, Jaishankar concluded his first-ever official visit to Paraguay and held talks with the country's leadership and vowed to strengthen bilateral ties.

He inaugurated the Indian Embassy in the capital city, Asuncion. The embassy of India in Asuncion was jointly inaugurated by Jaishankar and his Paraguay counterpart Julio Cesar Arriola.

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