"The new ASA has the potential to spur greater trade investment, tourism and strengthening the cultural exchange, besides bringing it in tune with the developments in the international civil aviation scenario," the statement from the civil aviation ministry statement said.
According to the agreement, both India and Brazil would now be able to designate as many number of airlines to operate between both the countries.
"The designated airlines of each side are entitled to operate 21 services/week in each direction with any type of aircraft not exceeding the capacity of B-747 aircraft," the statement said.
The new agreement supersedes the one signed earlier between the two countries Sep 12, 2006 in Rio De Janeiro, Brazil.
Currently, there are no direct air connectivity services between the two countries and the two respective national carriers too do not connect any cities in the two countries.