India invites Brazilian investment in infrastructure sector

Shri Anand Sharma, Minister of Commerce, Industry and Textiles had a Ministerial Dialogue with his counterpart Mr. Fernando Pimentel, Brazilian Minister of Development, Industry and Foreign Trade in Brasilia on 11th June 2012. The Minister’s visit to Brazil was a result of the invitations extended to him by his counterpart Mr. Pimentel and Mr. Antonio de Aguiar Patriota, the Brazilian Foreign Minster.

During the recent state visit of Brazilian President Dilma Rousseff to India in March 2012, President herself had invited the Minister to visit Brazil for advancing the bilateral economic and commercial relations, as also to address the larger issue of making essential drugs available at affordable prices to our population. In this context, Minister Sharma has been accompanied by a pharma delegation of 15 top Indian companies coordinated by Pharmexil. During the Ministerial dialogue, both sides agreed that the establishment of a Working Group in the Pharmaceuticals and Life Sciences would be a welcome step towards furthering the cooperation between India and Brazil in this area. Brazil expressed keen interest in collaboration with India in joint production of essential drugs for fighting HIV Aids, malaria, etc.

Both sides stressed the importance of re-launching the India-Brazil CEOs Forum, a decision taken in the form of declaration at the Summit level in March 2012. They also agreed that the proposed meeting of the two Co-chairs of CEOs Forum would be a positive step in taking this initiative forward.

Indian side also sought for an early meeting of the existing Joint Working Group in Hydrocarbon sector to move this area of bilateral cooperation on faster track.

The cooperation in the plurilateral as well as multilateral context was also discussed during the Ministerial Dialogue and both sides expressed satisfaction at the increased level of our cooperation in this context.

A Memorandum of Understanding between the Council of Scientific and Industrial Research (CSIR), through the National Physical Laboratory (NPL) and the National Institute of Metrology (INMETRO), Brazil was also signed for scientific and technological cooperation in chemistry, physics, engineering measurement sciences, development of certified reference materials for thermo physics properties, nanometrology, analysis of surface and thin films, biofuels, and biotechnology.


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