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FICCI's Latin America & Caribbean Newsletter


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

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FICCI's Latin America & Caribbean Newsletter

  1. 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 BASICWith a host of factors like abundant resources,political stability, liberalised trade and which has enriched our partnership immensely. Our efforts are also focusedinvestment regimes and a rising middle class, on strengthening people to people and business to business dimension of ourLatin American countries hold immense relationship. Our journey from US$10 billion bilateral trade to 15 billion wouldpromise in terms of business opportunities in take much shorter span than what it took to grow from US$ 5 to 10 billion.2013 and beyond. We need to create opportunities for our business leaders to meet in structuralRead More>> manner and we hope 2013 would be the year of progress in this context.
  2. 2. Latin America & Caribbean Newsletter March 2013 | Volume 1 | Issue 3Brazil development bank plans to invest almost a trilliondollars in next three yearsBrazil’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 Companiesto approximately 156 billion Reais, up 12% compared to 2011, The Brazilian government has restarted discussions aboutand a total of 2.394 trillion Reais was invested between 2008 the installation of new nuclear reactors in the country toand 2012.Read More>> help relieve the nation’s strained energy supplies. Also Brazil is examining the idea of allowing private companies to helpBrazil to cut energy costs finance the new plans, as has happened with other publicThe Brazilian government has announced cuts to the costs of infrastructure contracts.Read More>>energy for both industry and residential customers in a bid toboost the economy.Read More>> Cane Waste Ethanol Develops in Brazil Ethanol made from sugar cane waste is set to arrive at gasResources demand from India, Brazil to pick up slack from stations across Brazil in 2014, in what is being dubbed theChina most promising development in biofuel technology in recentThe global head of accountancy firm KPMG says a second wave years. The process is now taking off as a serious alternative toof raw materials demand from India and Brazil will support the extending sugar cane plantations, which would otherwisedomestic 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 alreadybeen flagged by big miners BHP Billiton and Rio Tinto. Mahindra to start exporting XUV5OO to Latin America byRead More>> September Auto major Mahindra & Mahindra today said it will startAngra Nuclear Plans Restarted in Brazil export of its sports utility vehicle XUV5OO to Latin AmericaThe 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 Brazilis examining the idea of allowing private companies to help Suzlon Sees 225 Megawatts of Brazil Turbine Sales amid Loanfinance the new plans, as has happened with other public Baninfrastructure contracts.Read More>> Suzlon Energy Ltd. (SUEL), India’s biggest wind-turbineBig boost for foreigners who invest in Brazilian real estate maker, expects sales in Brazil to surge to 225 megawattsBrazil exempted foreign investors from paying a financial this quarter, even after the country’s development banktransaction 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 TermCoveting the potential of Latin America, Indian manufacturer Former president Luiz Inácio Lula da Silva has reiterated hisof 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 presidentialserve the region. Read More>> elections. Read More>>TaurusTex - Changing Fortunes through Sourcing Remunance Systems: Get Strategic by Outsourcing Payroll ManagementIndia based Sourcing Agency dealing in Textile productsproviding sourcing solutions.Offers quality yarns, fabrics, ‘Payroll Cost’ forms a very large portion of the operatinggarments and home textiles. Provides value added & cost of any Business. To ensure Efficient processing, Accurateinnovative products & services with fair means to enable and Timely payments to Employees and Compliance’s,clients get the necessary confidence for long term Outsourcing of Payroll is fast becoming the trend in India. Beestablishment of supply chain. amongst Progressive businesses, sign up with ‘makemysalary’ a branded payroll service. For your feedback and Advertisements please contact: Malvika Kareer Research Associate-FICCI