Brazilian President Jair Messias Bolsonaro to be India's Republic Day Chief Guest this year
New Delhi/IBNS: Brazilian President Jair Messias Bolsonaro will be the Chief Guest at India’s 71st Republic Day Parade on Jan 26, the Indian government confirmed on Tuesday.
The President will be paying a State Visit to India from Jan 24-27 at the invitation of Prime Minister Narendra Modi.
He will be accompanied by seven (7) Ministers, Chairman of Brazil-India Friendship Group in the Brazilian Parliament, senior officials and a large business delegation. President Bolsonaro is scheduled to arrive in New Delhi on 24 January 2020, read a statement issued by the Ministry of External Affairs.
.The last Presidential visit from Brazil was by President Michel Temer in October 2016 on the sidelines of the VIII BRICS Summit in Goa.
Prime Minister Narendra Modi recently visited Brasilia to attend the XI BRICS Summit in November 2019.
This is the first State Visit of President Bolsonaro to India.
"Earlier, we have received President of Brazil as Chief Guest for our Republic Day Parade in 1996 and 2004," read the MEA statement.
Bilateral trade between India and Brazil increased to USD 8.2 billion in 2018-19. This included USD 3.8 billion as Indian exports to Brazil and USD 4.4 million as imports by India. Major Indian exports to Brazil include agro-chemicals, synthetic yarns, auto components and parts, pharmaceuticals and petroleum products. Brazilian exports to India include crude oil, gold, vegetable oil, sugar and bulk mineral and ores.
7.Indian investments in Brazil were around US$ 6 billion and Brazilian investments in India are estimated at US$ 1 billion in 2018. Brazilian investments in India are mainly in automobiles, IT, mining, energy and biofuels sectors. India has invested in Brazil's IT, pharmaceutical, energy, agri-business, mining and engineering sectors.
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