November 9, 2012
New York Daily News, 11/09/2012
Trade between India and Brazil, part of the BRICS group of the world’s emerging economies, is growing at an amazing 35 percent per annum despite an economic slowdown in both the countries and the physical distance between them, Brazil’s ambassador to India has said.
Implementation of an air services agreement between the two is expected to bridge that distance and give a shot to the trade dynamism, a seminar here was told.
“There is a dynamism in trade that reflects the potentialities of both the countries,” Carloa Duarte said at a seminar here Thursday on doing business with Brazil organised by the Indo-Brazil Chamber of Commerce along with state-run Federation of Indian Export Organisations (FIEO).
November 9, 2011
Brazil is negotiating to use satellites from India to improve the monitoring of deforestation in the Amazon rain forest.
A member of Brazil’s National Institute for Space Research says a satellite recently launched by the Indian government could vastly increase Brazil’s ability to combat deforestation in the region.
Luis Maurano says the IRS-6 satellite would allow authorities to locate deforested areas much faster than with the satellites currently used.
October 19, 2011
Tim Padgett – Time Magazine, 10/17/2011
Bolivia this month is accusing India’s Jindal Steel & Power Ltd. of failing to honor its $2.1 billion investment commitment to develop the Mutún iron ore mine and smelting works. Jindal in turn claims Bolivia isn’t providing it sufficient gas and electrical power to get the job done. Such disputes between Latin American governments and foreign multinationals, especially in the mining sector, are hardly new. But what’s different today is that the tussles as well as the triumphs increasingly involve India – the emerging Asian power whose economic clout in Latin America could soon rival China’s.
The Mutún discord notwithstanding, India’s rise in Latin America and the Caribbean is a good thing for the region’s development. As U.S. engagement in Latin America wanes, China’s keeps growing: its bilateral trade from Tijuana to Tierra del Fuego has soared 18-fold since 2000 to $166 billion in 2010, and in 2009 it became Brazil’s largest commercial partner. According to the U.N., China’s investment in Latin America topped $15 billion last year. But while that has helped fuel a Latin American boom, it’s no secret that what Beijing wants most is commodities – almost all its imports from the region are raw materials like oil, copper and soybeans, and its investments almost always involve those products or the infrastructure to ship them – and what it seems to want least is to buy from or invest in Latin America’s more important manufacturing sectors.
That’s less the case with New Delhi. Granted, India and its 1 billion people crave Latin America’s food and fuel as well. But its companies – which, not coincidentally, are largely of the private sector as opposed to China’s, which are largely state firms – appear as interested in building enterprises in the region as they are in merely extracting minerals. Although India’s bilateral trade with Latin America was seven times less than China’s in 2010 at $23 billion, it still represents a ten-fold increase from 2000 and involves not just commodities but manufactured goods like regional jets from Brazil’s Embraer S.A.
March 9, 2011
India and Brazil on Tuesday signed a bilateral air services agreement (ASA), based on the liberal ICAO template, which paves the way for increased air-connectivity between the two countries. It supersedes the agreement signed between the two countries on 12th September, 2006 in Rio De Janeiro, Brazil.
‘The new ASA has the potential to spur greater trade investment, tourism and strengthening the cultural exchange, besides bringing it in tune with the developments in the international civil aviation scenario,” the civil aviation ministry said in a statement.
According to the agreement, both the countries would now be entitled to designate any number of airlines. The designated airlines of each side are entitled to operate 21 services/week in each direction with any type of aircraft not exceeding the capacity of B-747 aircraft.
February 11, 2011
Santanu Choudhury – The Wall Street Journal, 02/11/2011
Brazil’s Embraer S.A. may develop a basic turboprop trainer aircraft jointly with India to meet potential demand from the air forces in both nations, a senior company executive said Friday.
Embraer expects also to shortly win a contract from India to supply nine multi-mission aircraft, Orlando J F Neto, executive vice president for defense market, said.
Embraer is among several defense companies worldwide who are participating at the ongoing Aero India show on expectations that the …