Over the next year, Brazil’s companies are expected to attain nearly $80 million in food and agriculture business.
Brazil companies visited India as part of the Annapoorna World of Food India Fair 2018 that took place in India New Delhi and Mumbai from 23 September to 29. Nine of the 20 companies are bean producers. The companies are visiting the country as part of the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) in partnership with Brazil’s Ministry of Foreign Affairs.
“It is very important to strengthen the trade between the two countries. The current trade flow doesn’t reflect the size and economic diversity of both countries. We see India as a good market for Brazilian products and we believe we can be competitive and bring a quality offer goods”, says Apex-Brasil’s intelligence coordinator, Igor Celeste.
“We have taken several initiatives towards the Indian market and Brazilian companies are getting more interested” said Celeste.
“The fact that from nine companies participating last year in the mission the number has gone up to 20 is indicative of the interest Indian markets generates for these companies. And for the next year we have 25 countries which want to visit India for business”, he added.
Brazil was the third largest seller of beans to India with 6% of the market share in 2017. India last year imported 553 million beans and form that amount 34 million were from Brazil.
Source: Financial Express