India and Brazil on Saturday inked 15 agreements to increase cooperation in a large range of locations like trade and gas, financial investment and oil, cyber security and infotech after talks between Brazilian President Jair Messias Bolsonaro and Prime Minister Narendra Modi. Modi stated an action strategy has actually been settled to further expand tactical ties in between the 2 tactical partners. “Your visit to India has actually opened a new chapter in bilateral ties in between India and Brazil,” PM Modi said in his media statement in presence of Bolsonaro. Calling Brazil an important partner in India’s economic growth, the Prime Minister also stated both the countries are together on numerous worldwide issues in spite of geographical range. On his part, Bolsonaro said the 2 nations have additional combined currently strong ties by signing 15 contracts offering cooperation in a variety of locations. Bolsonaro arrived here on Friday, accompanied by his daughter Laura Bolsonaro, daughter-in-law Leticia Firmo, eight ministers, four members of a large company and the brazilian parliament delegation.

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“Your check out to India has opened a brand-new chapter in bilateral ties between India and Brazil,” PM Modi stated in his media statement in existence of Bolsonaro. Bolsonaro, a former army captain, won a landslide success in Brazil’s presidential election in October 2018 and took the reins of the nation in January last year. India’s ties with Brazil, the largest country in Latin America, have actually been on a growth in the last few years. Indian investments in Brazil were around$6 billion and Brazilian financial investments in India are estimated at$1 billion in 2018.