The third issue of the Latin America & Caribbean Newsletter prepared by us and circulated among our constituents

1. Latin America &
Caribbean Newsletter
March 2013 | Volume 1 | Issue 3
MESSAGE from AMBASSADOR
inside this issue OF BRAZIL
Carlos Duarte
Brazil and India are two of the largest emerging economies in the world, whose
expanding markets offer a vast array of trade and investment possibilities.
Both countries Governments and Private sectors have been working hard to
BRAZILIAN DEVELOPMENT BANK PLANS make the most of these opportunities. The recent record is impressive and the
TO INVEST ALMOST A TRILLION DOLLARS potential is enormous: the bilateral trade flow has increased more than tenfold
IN NEXT 3 YEARS between 2001 and 2011. In 2012, it crossed the 10-billion-dollar mark, for the
first time ever.
BRAZIL TO cut energy costs
Trade exchanges are still, however, concentrated on a relatively small number
resources demand from india, of products. The challenges for both countries are therefore to keep expanding
brazil to pick up slack from china the amount of trade and to further diversity it, so as to include new sectors,
particularly those producing goods of high value-added and technological
angra nuclear plants restarted in
content. Industrial and commercial associations, such as FICCI, are of
brazil paramount importance for helping to achieve these objectives.
big boost for foreigners who invest
in real estate
suzlon plans latin america unit in
brazil
tax breaks for telecom companies
cane waste ethanol develops in MESSAGE from charge
brazil d’affaires - BRAZIL
Raj Srivastava
MAHINDRA TO START EXPORTING XUV500
TO LATIN AMERICA BY SEPTEMBER India and Brazil though separated apart by oceans enjoy very good
relationship. They are united by similar values, challenges and aspirations.
suzlon sees 225 megawatts of
One of the limitations in our bilateral relationship has been the geographical
turbine sales amid loan ban
separation yet the same constraint has become one of the strong points for
LULA BACKS ROUSEFF FOR SECOND TERM India and Brazil to be seen as important pillars of strength and stability in two
hemispheres. Our efforts have been and should be directed to harness this
potential of our bilateral partnership.
Will Latin America shine in 2013
Our leaders today meet more in the context of G20, BRICS, IBSA, G4 and BASIC
With a host of factors like abundant resources,
political stability, liberalised trade and which has enriched our partnership immensely. Our efforts are also focused
investment regimes and a rising middle class, on strengthening people to people and business to business dimension of our
Latin American countries hold immense relationship. Our journey from US$10 billion bilateral trade to 15 billion would
promise in terms of business opportunities in take much shorter span than what it took to grow from US$ 5 to 10 billion.
2013 and beyond. We need to create opportunities for our business leaders to meet in structural
Read More>> manner and we hope 2013 would be the year of progress in this context.

2. Latin America &
Caribbean Newsletter
March 2013 | Volume 1 | Issue 3
Brazil development bank plans to invest almost a trillion
dollars in next three years
Brazil’s Social and Economic Development Bank (BNDES)
has plans to invest 1.858 trillion Reais (approx 906bn dollars)
between 2013 and 2016. In 2012, total investments amounted Tax Breaks for Telecom Companies
to approximately 156 billion Reais, up 12% compared to 2011, The Brazilian government has restarted discussions about
and a total of 2.394 trillion Reais was invested between 2008 the installation of new nuclear reactors in the country to
and 2012.Read More>> help relieve the nation’s strained energy supplies. Also Brazil
is examining the idea of allowing private companies to help
Brazil to cut energy costs finance the new plans, as has happened with other public
The Brazilian government has announced cuts to the costs of infrastructure contracts.Read More>>
energy for both industry and residential customers in a bid to
boost the economy.Read More>> Cane Waste Ethanol Develops in Brazil
Ethanol made from sugar cane waste is set to arrive at gas
Resources demand from India, Brazil to pick up slack from stations across Brazil in 2014, in what is being dubbed the
China most promising development in biofuel technology in recent
The global head of accountancy firm KPMG says a second wave years. The process is now taking off as a serious alternative to
of raw materials demand from India and Brazil will support the extending sugar cane plantations, which would otherwise
domestic economy towards the end of the decade after an be required to meet rising demands.Read More>>
expected slowing of demand from China, which has already
been flagged by big miners BHP Billiton and Rio Tinto. Mahindra to start exporting XUV5OO to Latin America by
Read More>> September
Auto major Mahindra & Mahindra today said it will start
Angra Nuclear Plans Restarted in Brazil export of its sports utility vehicle XUV5OO to Latin America
The Brazilian government has restarted discussions about by September this year, besides expanding its base in Africa.
the installation of new nuclear reactors in the country to Read More>>
help relieve the nation’s strained energy supplies. Also Brazil
is examining the idea of allowing private companies to help
Suzlon Sees 225 Megawatts of Brazil Turbine Sales amid Loan
finance the new plans, as has happened with other public
Ban
infrastructure contracts.Read More>>
Suzlon Energy Ltd. (SUEL), India’s biggest wind-turbine
Big boost for foreigners who invest in Brazilian real estate maker, expects sales in Brazil to surge to 225 megawatts
Brazil exempted foreign investors from paying a financial this quarter, even after the country’s development bank
transaction tax on purchases of real estate investment trusts suspended financing for projects using its equipment.
traded on the country’s stock exchange.Read More>> Read More>>
Suzlon plans Latin America Business unit in Brazil Lula Backs Rousseff for Second Term
Coveting the potential of Latin America, Indian manufacturer Former president Luiz Inácio Lula da Silva has reiterated his
of wind-power equipment Suzlon announced it will invest support for Brazil’s incumbent president, Dilma Rousseff,
$20 million in 2013 to create a business office in Brazil to to run for a second term in office in the 2014 presidential
serve the region. Read More>> elections. Read More>>
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For your feedback and Advertisements please contact:
Malvika Kareer
Research Associate-FICCI
malvika.kareer@ficci.com
www.ficci.com