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India to Pressurize for Multiple Entry Business Visa for BRICS Entrepreneurs

July 2015, 02
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India to force for the Multiple Entry Business Visa for Brics
India with the South Africa’s support has been hoping to urge for a proposal in Russia at BRICS summit which will be held on July ninth for the special business visas of multiple entry for the entrepreneurs from five constituent states for making the travel easy among the grouping nations.

The proposal predicts simplifying the visas validity of five years with the multiple entries to the various nations of BRICS with an observation on the rising investments and the trade volume among the constituent states. The group comprises china, India, Russia, South Africa and Brazil. 

The matter was conversed during the India-South Africa’s ninth joint commission meeting which was held in Durban in the month of May, people who are familiar with the issue have stated that the areas for the consideration will include the business visa of multiple entries expansion for a longer period and the analysis of the proposal to launch a business Travel Card of Brics.    

Minister Swaraj has invited the decision of South Africa in order to issue the visas of Multiple Entry long term for the business executives who are from the BRICS nations said one of the joint communiqué at the conclusion of the joint commission meeting during which Sushma Swaraj, the International Minister led India. The concept for the Business Visa Special or the Business Travel Card of BRICS was suggested first in South Africa at the conclusion of fifth Summit of BRICS in the year 2013. 

Brazil and Russia had reservations during the past on special visas but the constituent states of BRICS are trying to confine the differences on the matter. The countries of BRICS account for about $16 trillion in the GDP and a 40% of the population of the world present more opportunities for the investors and the entrepreneurs.

There is a potential for the larger bilateral trade between Russia and India prospects which have brightened the corridors of transport in the Central Asia and the nuclear deal that may open latest routes for the Eurasian region with Iran.

Russia is eighth huge exporter in world with exports of about $490 billion in the year 2014; its share in the imports of India is minuscule 0.95%. The share of India in the imports of Russia is still lower at 0.78%.

South Africa has been giving businessmen already from BRICS easy access to the nation. Malusi Gigaba, the Minister of Home Affairs, South Africa stated that he has approved issuing the entry visas port to the business executives of BRICS up to ten years, with every visit which should not be more than 30 days. 

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