15 agreements have been signed between India and Brazil on Saturday. Apart from this, these agreements have been done after talks between Brazilian President JM Bolsonaro and Prime Minister Narendra Modi. The two countries have agreements on cooperation in many areas including energy and trade and investment, cyber security. The same India and Brazil also unveiled an action plan to strengthen bilateral relations. Bolsonaro is the chief guest of India's 71st Republic Day celebrations. He arrived in New Delhi on Friday. This is his first visit to India.

Describing Brazil as a valuable partner in India's economic growth, Prime Minister Narendra Modi said, "Your visit to India has started a new chapter in the bilateral relations between India and Brazil. The same geographical distances Despite the views of both countries on many global issues are the same. "Modi said," We are working on many options to strengthen our defense industrial partnership. Pond is considering. "We have strengthened the necessary legal framework to encourage investment from Brazil."

Bolsonaro said on the occasion that the two countries have further strengthened the already strong relationship with the signing of 15 agreements related to various fields. In recent years, India's relations with Brazil, the largest country in South America, have strengthened considerably. Brazil, with a population of 21 crore, has an economy of $ 1.8 trillion. According to data from 2018, Indian investment in Brazil was about six billion dollars whereas Brazilian investment in India sits around one billion dollars. Brazil has invested mainly in automobile, IT, mining, energy and biofuels in India.

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