SME Times News Bureau | 25 Jan, 2020
President of India Ram
Nath Kovind on Saturday said that India’s strategic and commercial relations
with Brazil are progressing.
President Jair Bolsonaro at Rashtrapati Bhavan, Kovind
said that India and Brazil are close friends and Strategic Partners. India
attaches the highest importance to its ties with Brazil, both in the bilateral
and multilateral arenas.
He added that India-Brazil
economic relations are progressing well. But we can do a lot more
There is huge untapped potential
both on the trade and investment sides. Indian companies are active in Brazil
in IT, automobiles and energy sectors. We are keen to leverage
defence and food processing expertise of Brazil to boost our Make in India
initiatives, Kovind said.
We invite Brazilian companies to
partner us in our economic programmes. Sectors such as renewable energy,
biotechnology and animal husbandry also present huge opportunities for our
companies, he added.
Welcoming the Brazilian
President on his first state visit to India, the
President said that it is a singular honour to have him as the Chief Guest for
our Republic Day celebrations. It is indeed a special occasion for India-Brazil
banquet speech, President Kovind said that on the strong historical foundation,
India and Brazil have established a multi-faceted partnership, one that would
inspire many. Our shared perspectives have brought us together as Strategic
We are committed to
build an international order that is reflective of new global realities; we are
committed to strengthen multilateralism for global peace and stability; and we
are committed to fight terrorism for a secure and safe world for our peoples.
From BRICS to
bilateral platforms, we have a forward looking agenda. Even as we address the
inequities of the past, we must craft a sustainable world for our future
generations, he said.