Brazil’s National Logistics Plan has envisioned modernising its railway network by 2035. The country has planned to increase its network by 91% to boost its export trade and being competitive in global trade, says Ajay Kumar Pandey, AGM & Head, Breezonica Logistics and Warehousing LLP.
CT Bureau
With the addition of Nigeria this January as a partner country, BRICS currently comprises 54.6 per cent of the world’s population and 42.2 per cent of the global GDP.
As you would have witnessed, India is utilising the discounted Russian crude oil by increasing imports at a time when Western nations-imposed sanctions on Russia due to its conflict with Ukraine. Defending its move, India said it is leveraging discounts but not supporting the war. This has led it to massive crude oil imports from Russia, likely to surpass two mulluin barrels per day in the current month—the highest since May 2023. India has been actively increasing trade among BRICS nations, while BRICS even spoke of having its own currency, which infuriated US President Donald Trump. India has started gradually increasing its exports to Brazil.
In July 2024, India recorded a trade surplus of US$ 197 million with Brazil, exporting US$ 575 million in goods, while importing US$ 378 million. India has become Brazil’s fifth-largest trading partner in 2021.
The 15th BRICS Agricultural Summit, hosted by Brazil on 17 April, laid the groundwork for deeper collaboration between India and Brazil in agri trade, technology, and innovation. Shivaraj Singh Chouhan, Union Agriculture & Farmers’ Welfare and Rural Development Minister attended the event and pitched for increasing soya production and exports in India.
India, which currently imports soyabean oil, is now looking to collaborate with Brazil to set up soybean production and processing infrastructure domestically. Chouhan visited several Brazilian farms and facilities to study the best practices in irrigation, mechanisation and food processing. The goal is to replicate successful models in India. “Brazil’s rise as a major agri-exporting nation in the past 50 years is inspiring. Our collaboration will help Indian farmers access world-class technology and increase production,” the minister said.
Brazil is likely to sign a pact for ‘Scorpene’ Submarine MRO with India next month. This move will open new vistas for boosting defense exports from India. More defense deals are under discussion, such as interest in missile systems, aircraft and ships. Defense deals will unlock major diversification of trade among BRICS nations, especially Brazil.
Brazil’s National Logistics Plan has envisioned modernising its railways network by 2035. The country has planned to increase its network by 91 per cent to boost its export trade and being competitive in global trade.
New Delhi-based Breezonica Logistics and Warehousing has played itself to materialise this opportunity and secured a part-vessel charter to transport a project cargo shipment from India to Brazil. Ballast tamping machine used for railway track ballast was loaded at the Mumbai Port, which will dock at Vitoria Port in ETA before mid-June.
