New Delhi, Mar 28 (IANS): The SatCom Industry Association of India (SIA-India) on Thursday announced a partnership with ABRASAT, the Brazilian Satellite Communications Association, to boost advancement in the space sector.

India and Brazil have previously worked together in bilateral, multilateral, and plurilateral forums, including BRICS, IBSA, G4, G20, BASIC, the UN, WTO, UNESCO, and WIPO.

"Brazil and India have a positive history of collaboration in the space sector, including the successful launch of the Amazonia 1 satellite, a Brazilian Earth observation satellite. Building upon this foundation, this MoU signifies a significant advancement in strengthening ties and unlocking new avenues for B2B collaboration and mutual benefit, focusing on such diverse areas and applications aiming to leverage each country´s satellite industry,” said Mauro Wajnberg, President ABRASAT.

The MoU between SIA-India and ABRASAT will explore the new market dynamics, infrastructure development, technological advancements, entrepreneurship, funding sources, and private investments, providing a platform for industry players to network and capitalise on emerging prospects.