India, Brazil Agree To Expand Trade Pact With MERCOSUR

17 Oct 2025 CW Team

During a meeting in New Delhi on 16 October 2025, Geraldo Alckmin, Vice President of Brazil and Minister of Development, Industry, Trade and Services, and Piyush Goyal, India’s Minister of Commerce and Industry, reaffirmed the shared interest of India and MERCOSUR Member States in expanding their existing Preferential Trade Agreement (PTA) to strengthen bilateral trade and investment ties.

Both sides recalled the Framework Agreement signed between India and MERCOSUR on 17 June 2003, aimed at fostering closer economic cooperation in line with World Trade Organization (WTO) rules. They agreed that the proposed expansion should be substantial and comprehensive, covering both tariff and non-tariff issues related to trade and economic partnership.

The leaders outlined a roadmap to guide the expansion process, agreeing on the following key points:

The revised agreement should ensure that a significant share of bilateral trade benefits from tariff preferences.

The initiative must include active participation from the private sector and key stakeholders to support and sustain the negotiation process.

A technical dialogue between the Parties will be established, including the early convening of the Joint Administration Committee created under Article 23 of the PTA, to define the scope of the expansion.

The Parties will strive to conclude negotiations within one year from their formal launch.

The Brazilian side further expressed its commitment to working closely with other MERCOSUR partners to ensure that the process leads to a substantial, swift, and mutually beneficial outcome for all involved.

The meeting underscored both countries’ determination to enhance economic cooperation, diversify trade, and support the broader goal of South–South economic integration through a modernised and ambitious trade framework.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..