Indian businesses should invest in Brazil public sector: Temer

Benaulim (Goa), Oct 17 (IANS) Brazilian President Michel Temer appealed to Indian businesses to invest in public sector projects in the South American country, even as he said that his administration was keen on rejuvenating economic growth in Brazil as a priority.

“In Brazil, we have launched a new programme ‘Crescer’ which means ‘to grow’ for private investment in public utility projects. We have more than 30 projects covered under this arrangement and I welcome Indian private investments in Brazil,” Temer said, even as the two countries signed four memorandums of agreement on genetic resources, agriculture, animal husbandry, natural resources, fisheries, on pharmaceutical products regulation, cattle genomics and a investment co-operation and facilitation treaty.

Temer was in Goa to attend the BRICS summit and also held bilateral talks with Prime Minister Narendra Modi earlier in the day. Temer left India on Monday afternoon, after concluding his two-day visit to the coastal state.

“In Brazil we have started out changing the country rejuvenating economic growth. We are in tune with the Modi administration priorities for economic growth, creation of jobs and reducing inflation,” he said, adding that over the last decade, India, one of the world’s largest global economies, had seen a high rate of economic growth.

Temer also called for co-operation in the areas of defence, pharmaceuticals, etc, adding that technical missions between the two countries would be exchanged in the coming days in these specific areas.

“Brazil and India share the same set of values. We are the largest democracies in the developing world. We have a global presence and share views to enhance the rules of international organisation and to work in tandem at the UN and other international fora,” he said.