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'India-Brazil partnership will open more biz opportunities'
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Anand Sharma Union Minister of Commerce, Industry & Textiles with the President of Brazil Ms. Dilma Rousseff in New Delhi on March 30. |
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SME Times News Bureau | 31 Mar, 2012
Welcoming the President of Brazil Ms. Dilma Rousseff, Indian Union Minister of Commerce, Industry & Textiles Anand Sharma said that India-Brazil partnership will open frontier for business opportunities for both the countries.
Sharma delivered the Special address at the Business Session with president of Brazil, in New Delhi on Friday.
"We hope that we will look at each other strengths & share it with each other to generate wealth and employment," the minister said.
Dilma is on her first state visit to India.
Sharma in his address announced that the Government has constituted six working groups for strengthening of our economic ties. The working groups constituted are in pharma, mining, services, Infrastructure and food processing.
Sharma in his addressed emphasized the edge that Indian pharma sector has advantage in this world. He stated that, "Indian pharma companies have emerged as world leaders in producing high quality generic medicines and life saving drugs which are affordable for the people of the developing world. In the true spirit of South-South cooperation India is committed to provide low cost affordable medicines to the poorest of the poor."
"We would like to encourage our Pharma majors not only to supply low cost, high quality medicines for the people of Brazil as it would bring down the healthcare costs, but also to establish manufacturing facilities in Brazil. It will help in providing affordable health for the people of Brazil, he added."
"We are assuring friends in Brazil, South America and Africa and all developing countries that in the true spirit of S-S cooperation Indian Industries will ensure that even new generation, new formulations of AVR, drugs are accessible to the poor people at affordable price," Sharma added.
Speaking on the shift of the global economic fulcrum Sharma said, "The last two decades have seen a transformational change in both our economies and it is a tribute to genius of our people that within this span of time, we are being viewed by the world as emerging economies. It is recognition of this change that we are together on the high table of G-20, deliberating on issues of global economic governance and making our own contribution for global economic stability."
Minister applauded the visit of Brazilian President and said, "Your visit has given a new momentum to our relationship and I am sure it will provide fresh dynamism to our economic ties."
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