World Trade Center Mumbai organised an interactive meeting with the High Level Delegation from the Goias state of Brazil to explore areas of business partnership between India and the Brazilian state. The event was organised jointly with All India Association of Industries (AIAI) on February 17, 2025.

Speaking on this occasion, Mr. Diego Soares, President, Goiás Partnership informed, “Brazil’s mid-western state Goias has 10^th largest economy out of 26 states and it is keen to strengthen partnership with India in green energy, agriculture, pharmaceuticals and other sectors. We wish to collaborate with India in lithium batteries, artificial intelligence and other emerging sectors. Goias economy grew at twice the rate of Brazilian economy in 2023 and the state ranks first in Economic Development Index of Brazil. Our state ranks second in ethanol and sugar production. We would like to partner with India in technology exchange for biofuel, especially ethanol. Goias has second largest pharmaceutical manufacturing industry in Brazil and it ranks fourth in industrial production. Goias ranks first in digitization of public services and it takes hardly 13 hours to start business in Goias.”

The meeting was attended by more than 60 Brazilian companies from energy, pharmaceuticals, agriculture and other sectors.

In his remarks, Mr. Cicero Oliveira, Parana State Representative suggested Indian Active Pharmaceutical Ingredients (API) to explore export opportunities to Goias. He said, “Our state is the largest importer of Active Pharmaceutical Ingredients (APIs). We are import dependent because there is only one Brazilian company that produces API. So, we want to import APIs from India. Brazil depends on USA to a large extent for healthcare and pharmaceutical imports.”

Speaking on this occasion, Mr Luis Alberto, President, Sistema OCB/Go pointed out, “Goias ranks top in education and it has Center of Excellence for Artificial Intelligence, one of the advanced centers in Latin America. Goias has a unique landscape and stunning nature, which is favourable for tourism sector.”

In his remarks, Mr. Edwal Portilho, CEO, ADIAL informed, “We invite Indian infrastructure companies to participate in public private partnership (PPP) projects. The state government provides various tax and non-tax incentives for foreign investors to invest in infrastructure sectors. There is also tremendous scope to explore collaboration in chemical, pharmaceuticals, and technology.” 

Earlier in his welcome remarks, Dr. Vijay Kalantri, Chairman, WTC Mumbai and President, All India Association of Industries (AIAI) remarked, “India’s trade with Brazil doubled to USD 16 billion in FY23 from the pre-pandemic level." Dr. Kalantri suggested Brazilian companies to invest in India by participating in India’s vision of USD 40 trillion economy by 2047.

Capt. Somesh Batra, Vice Chairman, WTC Mumbai proposed vote of thanks for the event. In her remarks, Ms. Priya Pansare, Director -Trade & Investment Promotion, World Trade Center Mumbai mentioned that the event received overwhelming response from more than 200 Indian delegates. The event was also addressed by Ms. Rupa Naik, Executive Director, WTC Mumbai and it was attended by Ms. Aakruti Bagwe, Director - Operations, WTC Mumbai and members of Council of Management of WTC Mumbai.

Headline photo: (From left to right): Capt. Somesh Batra, Vice Chairman, WTC Mumbai, Ms. Priya Pansare, Director -Trade & Investment Promotion, WTC Mumbai, Ms. Rupa Naik, Executive Director, WTC Mumbai, Mr. Luis Alberto, President, Sistema OCB/ Go, Dr. Vijay Kalantri, Chairman, WTC Mumbai, Mr. Cicero Oliveira, Parana State Representative and Ms. Aakruti Bagwe, Director - Operations, WTC Mumbai 

Promotional Photo: Dr. Vijay Kalantri, Chairman, WTC Mumbai and President AIAI (3rd from left) being felicitated by Mr. Diego Soares, President, Goias Partnership (4th from left). Also seen in the picture (from left to right): Ms. Rupa Naik, Executive Director, WTC Mumbai, Mr. Luis Alberto, President, Sistema OCB/ Go, Capt. Somesh Batra, Vice Chairman, WTC Mumbai