Brazil President Bolsonaro arrives in India on 4-day visit, to be R-Day chief guest
New Delhi : Brazilian President Jair Bolsonaro has arrived in India on Friday for his 4-day visit to discuss bilateral collaborations in various sectors to promote investments between the two nations. He will also be taking part in India's Republic Day celebrations as the chief guest.
While the two leaders will discuss various investment opportunities in IT, pharmaceutical, energy, agri-business, mining, engineering and defence sectors, discussion on terrorism would also be high on the agenda.
He will be holding the official talks with Prime Minister Narendra Modi where they will exchange agreements and then have a joint press conference. Meanwhile, President Ram Nath Kovind has invited Bolsonaro for dinner at the Rashtrapati Bhawan.
The visit becomes more important for both the nations as they have been consulting constantly with each other on various issues to move forward at the United Nations.
Notably, in 2018, Indian investments in Brazil were estimated at around USD 1 billion, while Brazilian investments here were estimated at USD 6 billion, the Foreign Ministry had noted. The bilateral trade, at present, stands at about USD 8.2 billion, with imports worth USD 4.4 billion and exports standing at USD 3.8 billion.
The Ministry of External Affairs further maintained that the two nations share a “warm and friendly relationship”. “Our bilateral relationship was elevated to the level of strategic partnership in 2006. As two developing countries, we share aspirations,” an MEA official said.
For the Republic Day parade, India has invited several prominent world leaders to be the chief guest, including former US President Barack Obama, South African president Cyril Ramaphosa, along with leaders of the 10 ASEAN nations.