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The Brazilian companies are expected to reach approx $80 mn in businesses in the food and agriculture sector over the next one year. Nine out of 20 companies which are visiting India as part of the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) in partnership with the Brazilian Ministry of Foreign Affairs are bean producers.
According to Igor Celeste, Market Intelligence coordinator of Apex-Brasil, It is very important to strengthen the trade between the two countries. The current trade flow does not reflect the size and economic diversity of both countries. We see India as a good and important market for Brazilian products and we believe we can be competitive and bring a quality offer of goods.
We have taken several initiatives towards the Indian market and Brazilian companies are getting more interested each year, Igor added.
The fact that from nine companies participating last year in the mission the number has gone up to 20 is indicative of the interest Indian market generates for these companies. And for the next year we have so far 25 countries which want to visit India for businesses.
Source: Financial Express
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