|ONGC-OVL display dazzles at 'India Show' at Sao Paulo, Brazil|
07 March, 2007
India Show', the exhibition showcasing recent strides by Indian industry was inaugurated by Mr. Joao de Almeida Sampaio Filho, Secretary, State of Sao Paulo, Brazil, on March 6, 2007. Also present on the occasion were Mr. Alfredo Cotait, Secretary, Municipality of Sao Paulo, Mr. H S Puri, Ambassador of India in Brazil and senior members from local Chambers of Commerce and Government of Sao Paulo. The five day long show begins from March 6, 2007 to March 11, 2007.
Inauguration of the exhibition by Secretary, State of Sao Paulo
Welcoming the visitors during the inaugural, Mr. Puri said that 'India Show' is a platform to showcase India's economic and cultural progress.He expressed a hope that the 3rd India Show at Sao Paulo organised by India Trade Promotion Organisation (ITPO) would consolidate the growing relationship in the commercial terms and build scope for further intensification of cooperation
The ONGC pavilion was inaugurated by Mr. Joao de Almeida Sampaio Filho, Secretary, State of Sao Paulo, Brazil who was the chief guest at the ceremony.Going through the displays at the pavilion, he expressed a keen interest not only in the technical expertise of ONGC Group of Companies but also about the fact that ONGC-OVL had already established a presence in Brazil.
The corporate pavilion, designed and fabricated by a local Brazilian exhibition specialist is the main attraction at the 'India Show'. The pavilion evoked a lot of interest not only among the common people but also among the dignitaries visiting the show. Speaking about the pavilion, Mr. Swaminathan, Consul General of India, Sao Paulo expressed his views in the visitors' book and wrote "What a wonderfully designed and decorated pavilion. I am extremely happy that ONGC is here in a good strength. They have tremendous opportunities here. The consulate will always be there to support."
'India Show' brings forth the bonding of two fast growing economies of the world. The 'India Show' was first organized in 1996 and the second was organized in 2001. Brazil and India are large continental sized countries with social diversity, democratic form of government, a multi-ethnic population, and a large population base.
In recent years, relations between Brazil and India have grown considerably and cooperation between the two countries has been extended to such diverse areas as science & technology, space, pharmaceuticals and oil and gas. The two-way trade in 2005 nearly doubled to US$ 2.34 billion from US$ 1, 207 billion in 2004.
OVL entered Brazil in April 2006 by acquiring 15 per cent participating interest in Block BC -10. The block declared commercial in December 2005 has six discoveries.Commercial oil production is expected to commence by 3rd quarter of 2009.
The presence of ONGC Group of companies at the fair does not only augur as a good omen but is a fair indicator of things to come.