Brazilian business mission to India will include business rounds in Mumbai
Mumbai, October 10, 2016: The Brazilian Trade and Investment Promotion Agency (Apex-Brasil), in partnership with the Brazilian Ministry of Foreign Affairs (MRE), promotes the Business Mission to India, in the cities of New Delhi and Mumbai. The mission will take place between October 11 and 18, and participate at two events: BRICS Trade Fair in New Delhi, and the Business Round in Mumbai.
The business round being planned In Mumbai, which is the main industrial and commercial hub of India, will consists of a full day with pre-booked meetings between Indian buyers and Brazilian entrepreneurs selected by Apex-Brasil and by the Trade Promotion Sector of the Consulate General of Brazil, in partnership with World Trade Centre (WTC) Mumbai on 18thOctober, 2016 from 10:00 am onwards.
Apex-Brasil will take 11 companies and representatives of Chambers of Commerce and industry associations to the Brazilian booth at the BRICS Trade Fair. The participants work in the industries of food and drinks, home and construction, machinery and equipment, technology and health, IT and fashion (leather).
In a pre-planned networking space for investment promotion agencies of the BRICS countries and potential foreign investors, Apex-Brasil analysts will meet other participants and provide information on how to invest in Brazil.
"This will be a great opportunity to present investment opportunities in Brazil, especially for investors of Indian and Chinese origin. Chinese investors, for example, have great interest in the sectors of infrastructure, agribusiness and automotive, while Indian investors are prospecting for opportunities especially in the areas of information technology and health," says Maria Luisa Cravo Wittenberg, Investment Manager of Apex-Brasil.
The participation of Brazil in India’s total trade is still small, accounting for 1.21% of the total. In 2015, Brazil exported US$ 3.2 billion to India, out of which US$ 2.08 billion were in the processing industry. Currently, more than 1300 Brazilian companies sell to India.
A study conducted by Apex-Brasil indicates that there are market opportunities in India in the sectors of food and drinks – with an emphasis on coffee, meats, tea, fruits, cocoa and confectionery products – home and building (woods), machinery and equipment (vehicles and auto parts), mineral products and chemicals.
The Brazilian leather sector already exports to India, and there is great room for expansion. Brazilian leather currently accounts for 3.13% of the total acquired by India, and the untapped market (the value that India imports from other countries) amounts to US$ 689 million.