 Brazil has been seeking closer ties with India |
Brazil and India plan to strengthen their trade ties significantly, after meetings between political leaders. The two developing nations aim to increase bilateral trade three-fold, to reach $10bn (�5bn) by 2010, from $2.4bn in 2006, reports the Associated Press.
Brazilian President Luiz Inacio Lula da Silva also called for co-operation on defence, nuclear energy and oil.
Both nations have been strong voices in trying to boost the role of developing nations in international trade.
Plane deal
The issues are being discussed as part of a three-day event in New Delhi with Indian Prime Minister Manmohan Singh and Congress Party President Sonia Gandhi.
The meeting between the two countries comes as leaders of the G8 group of rich nations are meeting in Germany.
President Lula is set to attend the G8 summit later this week and will make global warming a priority for discussion.
"Rich countries have to pay for the poor countries to avoid deforestation so they can adopt clean models for development that don't cause pollution or greenhouse gas emissions," President Lula said.
Separately, it emerged that India's Paramount Airways was set to order 40 planes from Brazilian maker Embraer in a deal worth about $2bn.
The order would help Paramount - which currently operates 15 planes - to dramatically increase its presence in the domestic market, which is forecast to grow by more than 20% annually over the next four years.
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