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Adani Ports and Special Economic Zone Limited (APSEZ), through its subsidiary Adani Gangavaram Port Ltd, has signed a strategic Memorandum of Understanding with NMDC Ltd and Vale SA to develop an integrated iron ore blending facility and dedicated Special Economic Zone (SEZ) at Gangavaram Port. The MoU was signed at the India-Brazil Business Forum Summit in New Delhi during the official visit of Brazilian President Luiz Inacio Lula da Silva, the company said in a statement. Under the agreement, the three parties will jointly develop, operationalise and manage an SEZ-based ecosystem for blending, value addition and commercialisation of iron ore. The initiative is aimed at strengthening the iron ore export value chain on India's East Coast by improving efficiency, scale and global competitiveness in mineral processing and trade. With the proposed development, the capacity of Gangavaram Port is expected to increase to 75 million tonnes, positioning it as a major export hub for iron ore
Brazilian President Luiz Inacio Lula da Silva on Thursday said his country advocates governance which ensures that artificial intelligence (AI) strengthens democracy, social cohesion and sovereignty of nations. In his address at the Leaders' Plenary Session at the AI Impact Summit here, he also asserted that putting human beings at the "centre of our decisions is an urgent task". Earlier, Prime Minister Narendra Modi inaugurated the summit and unveiled the 'MANAV' vision for a human-centric approach and use of AI with a strong accent on sovereignty and inclusivity. The inaugural ceremony saw the presence of several heads of state, including President Lula, French President Emmanuel Macron, many global AI leaders, academicians and researchers, heads of many tech giants and philanthropists, among others. At the Leaders' Plenary Session, the Brazilian president delivered an address in Portuguese. He also posted excerpts from his speech in a series of posts in Portuguese on X along wi
India and Brazil on Tuesday set a target of nearly doubling the bilateral trade to USD 20 billion in annual trade in the next five years and inked six agreements to expand cooperation in a range of sectors including energy and agriculture following talks between Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva. The two leaders also deliberated on combating terrorism with Modi saying both sides were clear that there is no place for double standards on terrorism. "We have a similar thinking on the fight against terrorism -- zero tolerance and zero double standards. We are clear that there is no place for double standards on terrorism," the prime minister said in his media statement. "We strongly oppose terrorism and those who support terrorism," he added. Modi travelled to Brasilia on Monday evening after attending the two-day BRICS summit in this seaside Brazilian city of Rio de Janeiro. "We want India-Brazil relations to be as colourful as carnival,
Brazil's President Luiz Incio Lula da Silva on Tuesday signed a new law to expand the country's affirmative action policies, increasing the quota for government jobs reserved for Blacks from 20% to 30% and adding Indigenous people and descendants of Afro-Brazilian enslaved people as beneficiaries. The changes apply to candidates applying for permanent and public employment positions across Brazil's federal administration, agencies, public foundations, public companies and state-run mixed-capital companies. As approved by Congress, the quota will be revised in 2035. "It is important to allow this country for one day to have a society reflected in its public offices, in the Prosecutors' Office, in the Ministry of Foreign Affairs, in the Attorney-General's Office, in the Internal Revenue Service, everywhere," Lula said at the presidential palace in the capital, Brasilia. "We still have few women, few Black people, almost no Indigenous people." Brazil's first law on racial quotas for ..
A trove of leaked audio recordings from late 2022 reveal high-ranking members of Brazil's army discussing efforts to pressure then-President Jair Bolsonaro to carry out a coup and remain in power. The 53 audios, obtained by the Federal Police and accessed by The Associated Press on Monday, provide a rare chance to hear military members expressing in their own voices their desire to keep leftist Luiz Incio Lula da Silva from taking office. Supreme Court Justice Alexandre de Moraes, who oversees the police's sprawling investigation, quoted some of those audios in his ruling last week ordering the arrest of five people for plotting the assassination of then-President-elect Lula in 2022 and then attempting to oust him from power on January 8, 2023, when Bolsonaro supporters destroyed government buildings in capital Brasilia. Audios from one former army officer who was not among those de Moraes ordered arrested last week are particularly supportive of a coup, and weren't referenced in