India and Brazil should have inclusive cconomic growth, says Brazilian Minister

November 14th, 2007 - 2:02 am ICT by admin  
Brazil is constructing an alternative model of development towards a collaborative relationship with India said the Minister. “These alternatives do not suppress opportunities for entrepreneurs but create new opportunities. Ideas about economic growth and social securities in India and Brazil presently exclude the majority of people”, he said.

Developing countries should be able to provide enlightened technocracy to the people, said Unger. Constitutional and electoral policies should be flexible and government should be able to provide a complete package of rights, he added.

Unger said that countries which have opened up to the market have grown most and have released the energy of workers, manufacturers and entrepreneurs. He mentioned that developing countries like India and Brazil need a `productivist’ strategy that would change the balance between the innovative, capital and skill-rich, “vanguard” segments of the economy, and its routine, low-skill, subordinate “rearguard” branches.

Jose Vivento De Sa Pimental, Ambassador of Brazil to India said that Indo - Brazil relations are set to grow exponentially in the next few years. Both the countries should focus on new ideas to improve trade relationships.

The South-South cooperation will lead to more interaction between the people of India and Brazil, said Ravi Thapar, Joint Secretary - LAC, Ministry of External Affairs, Government of India. Governments of both the countries have created a conducive environment and private companies should exploit the opportunity, he said. Indian industry should look forward to abundant tangible and fascinating opportunities with Brazil, said Thapar.

It is important to create good conditions and favourable environment for the development of bi-lateral trade between India and Brazil, said Jose Ricardo, INDBRASIL, Brazil. He said that improved connectivity will lead to better understanding between the two countries.

M A Pathan, Immediate Past Chairman, CII Gulf Council, said that Indian industry has identified Brazil as a focus country. He said that Indo-Brazil trade opportunities can be explored in pharmaceuticals, aeronauticals, infrastructure, biotech, healthcare, engineering, processed food, automobile components, chemical and leather product sectors.

Announcing the Second India-Latin America and Caribbean Conclave 2007, Mr. Pathan said that CII is organising the Conclave in cooperation with the Indian Embassy in Brazil, Indian Consulate in Sao Paulo and CII’s partners in Brazil, Latin America and the Caribbean. The conclave promises to bring together business participants from India, Latin America and the Caribbean region, to discuss business opportunities and joint projects for both trade and investment, he said. (ANI)

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