Brazilian Delegation Explores Strategic Business Partnerships with India at WTC Mumbai

MVIRDC World Trade Center Mumbai and the All India Association of Industries (AIAI) welcomed a distinguished business delegation from the Brazilian state of Parana, led by State Deputy Marcelo Rangel, and the Indo Brazilian Chamber of Commerce. The high-level meeting focused on strengthening bilateral trade relations, fostering collaboration across key sectors, and exploring new avenues of partnership between India and Brazil through sustained political and business engagement. The high-level delegation was led by Deputy Marcelo Rangel, State Deputy of Parana in charge of Agriculture, Technology, and Regional Development, and included Ms. Dayane Sovinski, Mayor of Imbau and President of the Mayors Association of Parana, and Mr. Marcelo Palhares, Mayor of Jacarezinho and a noted entrepreneur, along with other high-profile businesspersons.

Deputy Marcelo Rangel highlighted the immense investment potential of Brazil with a focus on Parana and expressed keen interest in strengthening business partnerships with Indian industries across key sectors, including Agriculture, Pharmaceuticals, Information Technology (IT), and Infrastructure. The delegation highlighted the increasing demand in Brazil for Agri-tech solutions, biofertilizers, advanced fertilizers, IT services, and construction materials, including ceramic tiles, and invited Indian companies to explore collaborative opportunities. They also conveyed openness to joint research and development (R&D) in agriculture and emerging business sectors. Emphasizing Brazil’s investment-friendly environment, particularly in strategic industries such as oil & gas, sugar, and mining, Deputy Rangel encouraged Indian businesses to consider expanding their trade and manufacturing ventures in the region.

Addressing the delegation, Dr. Vijay Kalantri, Chairman of MVIRDC World Trade Center Mumbai and President of AIAI, emphasized the strong diplomatic and economic trust between India and Brazil while stressing the need for quicker action to achieve tangible outcomes. He highlighted that the current bilateral trade, valued at USD 12.2 billion in 2024–25, holds immense potential to grow multifold over the next five years. Dr. Kalantri highlighted significant opportunities in both goods and services, particularly in sectors such as Information Technology (IT), Pharmaceuticals, Specialty Chemicals, Sugar, Ethanol, Steel, Automobiles, and Textiles. He also identified high freight costs and logistical inefficiencies as key challenges, calling for targeted interventions to enhance trade facilitation and fully unlock the bilateral economic partnership’s potential.

The visiting Brazilian team interacted with Indian business leaders and representatives from various sectors to explore joint ventures, technology partnerships, and trade arrangements. Discussions centered on market entry strategies, investment prospects, and the potential for mutual growth in key strategic sectors.

This interaction marks a significant step in strengthening India–Brazil bilateral relations through concrete business collaborations.