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Apart from being a home for the greatest football legend Pele and ranked among the largest coffee producers in the world, Brazil boasts of its world famous samba music. Is that all? No, beyond football, coffee, and samba this country has several other things and activities, which are little known to the world. Were you aware of that its area is three times bigger than India and its coastline is around 10,000 km? And currently the country’s economy is really on the go.
World Relation
There is great deal of truth in Brazil being bohemian. Everything about Brazil, including the cuisine, is a melting pot. Brazil has twice as many Lebanese as there are in Lebanon. It’s worth notable that the largest Japanese community abroad is not in the US but in Brazil. Between the two World Wars one million Italians came to Brazil. That’s why Brazilian society has a mix of different cultures and civilizations.
Agro-sector
In Brazilian agricultural sector, it is not just the commodities that come out of agricultural activity. The country also looks at technology that will help develop seeds and soils itself. As long as different methodologies to make better agricultural yields are upgraded, Brazil has good backups of other infrastructures like roads, ports, and airports. So, this is what they called an integrated economic activity.
Economic Revival
After a bit of political instability during the 1980s, Brazil has met tremendous efforts to restore economic stability in the country which continued for ten years.
Today, Brazilian economic composition is 64 percent services, 30 percent industry, and 6 percent agriculture. In 2006, Brazil produced more than 200 million automobiles of which 85 percent were flexi-fuel. These have the technology to run on 100 percent alcohol, 100 percent gasoline, or combination of the two.
With India
Brazil and India have broken US$1 trillion barrier. So, the cooperation between the two countries is really a great economy by all means. That’s why Brazil and India are said to be viable partners. During the recent visit of President Lula to India along with 100 businessmen, they enjoyed what they saw—the potential of cooperation between the two countries. Indeed, the goal of US$10 billion by 2010 in Indo-Brazilian bilateral trade is achievable even though the current trade volume between the two countries is just US$2.5.
As Brazilian aircraft company Embraer would be selling successfully in India, Petrobas, too, is going to strike a partnership with Oil and Natural Gas Cooperation Ltd (ONGC), which will be one of the main supports for growth in trade. Thus, the two companies would go together to operate in the third markets. In fact, it’s a partnership only in its initial stage, but quite a promising one for future. Ethanol is a hallmark product of Brazil, and use of ethanol is a larger thing both the countries would take interest in. In terms of infrastructures, India and Brazil are in comfortable positions to cooperate. Looking from both sides, Brazilian railway is not strong at all while India’s is. In general, Brazil has technology in infrastructure. Now, the time has come for both countries to concentrate on how to integrate Indian technology and capital in Brazil and vice versa.
Trade Ties
In the sector of trade cooperation between the two countries, Indian companies like Ranbaxy and Dr Reddy’s have made successful trade routes to Brazil. And also other companies like Tata through TCS and Tata Motors are operating in Brazil. In return, a Brazilian firm supplies henna to India too. Interestingly, what Brazil is looking forward to is Indian film industry to work together with them on storylines that will be appreciated both here and there.
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