Bilateral relations is strengthening as Portugal looks at key developing economies like India to enhance trade and investment.
US$285m is the total valuation of Indian investments in Portugal.
Portugal ranks 50th in Foreign Direct Investment inflow into India.
Portugal's Golden Visa scheme aims to draw foreign investments.
FDI inflow from Portugal between April 2020 to March 2020 was US$100.52mn
Bilateral trade in 2020-2021
FDI inflows from April 2000 to March 2021
NRIs/PIOs currently live in Portugal
Firm entry-simplifying reform introduced by Portugal has boosted sectoral competition.
Portugal has reported strong export performance since 2010, as well as rising domestic demand.
Portugal offers leading opportunities in scientific and technological R&D and new innovation.
Talks are on to get Portuguese defence companies to participate in Make in India programme.
The documents signed during the Indo-EU Leaders' Meeting include the India-EU Leaders’ Meeting Joint Statement, India-EU Connectivity Partnership, and the document recognizing the second round of financing for the Pune Metro Rail Project.
India's Exports and Imports to Portugal
Source: Department of Commerce
Values in US$ Million
|3||India’s Total Export||310,338.48||262,291.09||275,852.43||303,526.16||330,078.09|
|8||India’s Total Import||448,033.41||381,007.76||384,357.03||465,580.99||514,078.42|
|13||India’s Total Trade||758,371.89||643,298.84||660,209.46||769,107.15||844,156.51|
|17||India’s Trade Balance||-137,694.93||-118,716.67||-108,504.60||-162,054.83||-184,000.33|
+ 351 217 909 500
+351 213 601 021
Beer made from malt (220300)
Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of >10 l (220429)
Carcasses/half-carcasses of bovine animals, fresh/chilled (020110)
Cuts & edible offal of turkey, fresh/chilled (020726)
Guts, bladders & stomachs of animals (other than fish), whole & pieces ther … (050400)
Hams, shoulders & cuts thereof , fresh/chilled, bone-in (020312)
Meat of bovine animals, fresh/chilled (excl. of 0201.10), bone-in (020120)
Meat of bovine animals, fresh/chilled, boneless (020130)
Meat of bovine animals, frozen, boneless (020230)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), fresh/chilled (020319)
Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)
Sweet biscuits (190531)
Maize (corn), other than seed (100590)
Other barley excl seed (100390)
OTHER WHEAT AND MESLIN (100199)
Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)agriexchange.apeda.gov.in
Cheese (excl. of 0406.10-0406.40) (040690)
Ice cream & oth. edible ice, whether or not cont. cocoa (210500)
Food preps., n.e.s. (210690)
Prepared foods obt. by the swelling/roasting of cereals/cereal prods. (190410)
Apples, fresh (080810)
Bananas frsh or dried (080390)
Grapes, fresh (080610)
Guavas, mangoes & mangosteens, fresh/dried (080450)
Live plants, n.e.s., incl. their roots; mushroom spawn (060290)
Oranges, fresh/dried (080510)
OTHER CANE SUGAR: (170114)
Pineapples, fresh/dried (080430)
Potatoes other than seed potatoes, fresh/chilled (070190)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)
Crustaceans; frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water (030617)
Fish, frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), excluding fillets, livers, roes and other fish meat of heading 0304 (030363)
Fish; dried, whether or not salted but not smoked, other than edible fish offal, cod (030551)
Molluscs, cuttle fish and squid, whether in shell or not, frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030749)
Molluscs; octopus spp.), frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030759)
Production: 400 tonnes
Production: 500,000 tonnes
Production: 950 tonnes
Production: 1,356 tonnes
Here are the leading sectors of opportunities for foreign investors
A Portuguese firm will set up facial recognition biometric technologies at Bengaluru International Airport
Martifer operates in the metals sector in India
Has operations in Industrial Machinery, Equipment & Tools sector in India
Euroamer Garuda has invested in Bengaluru real estate
Feedback Brisa Highways OMT Private Limited (FBH) is a joint venture to install efficient toll and safety systems on Indian roads
Vindya Telelinks Ltd, a JV between Birla group and Portugal’s Visabeira Group for optical fibres and telecom operations in India
TATA Aerosole has invested in Portugal's footwear industry
Saptashva Solar, a XL Telecom & Energy subsidiary, has invested in renewable energy sector in Portugal
TCS Iberoamerica has started an IT and software services project
Sakthi Auto, an automotive subsidiary of Sakthi Sugars, Chennai has started an auto-component plant in Agueda