a part of Wipro's expansion plans in Brazil and Latin America." AmBev's 1 portfolio includes leading brands like Brahma, Becks, Stella and Antarctica. 21st century relations UNSC reform Both countries want the participation of developing countries in the UNSC permanent membership since the underlying philosophy for both of them are: UNSC should be more democratic, legitimate and representative - the G4 is a novel grouping for this realisation. South-South cooperation Brazil and India are involved in the IBSA initiative. The first ever IBSA Summit was held in Brasília in September 2006, followed by the Second IBSA Summit held in Pretoria in October 2007, with the third one held in New Delhi in October 2008. The fourth IBSA meet was again hosted in Brasília, just before the second BRIC summit. Four IBSA Trilateral Commission meetings were already held till 2007 since the first one was held in 2004 and had covered many areas such as science, technology, education, agriculture, energy, culture, health, social issues, public administration and revenue administration. The target of US$10 billion in trade was already achieved by 2007. Both countries view this as a tool of transformation diplomacy to bring economic growth, sustainable development, poverty reduction and regional prosperity in the vast regions of Latin America, Africa and Asia. The IBSA Fund for Alleviation of Poverty and Hunger has already provided funds for capacity building in East Timor and for the fight against HIV/AIDS in Burundi and has won the South-South Partnership Award at the 2006 UN Day event held in New York City on 19 December 2006. Prime Minister Narendra Modi's 2014 trip In July 2014, the Indian Prime Minister Narendra Modi visited Brazil for his first multilateral visit, the 6th BRICS summit was held at the north-eastern beach city of Fortaleza. In the Fortaleza summit the group have agreed to establish a financial institution rivaling the Western-dominated World Bank and IMF, The bank would be named the New Development Bank as suggested by the Indian side but the contributing parties could not come to an agreement to base the bank's headquarters at New Delhi. Later the BRICS leader also attended an event in Brasilia where they met the UNASUR heads of government. At the same time, the Ministry of External Affairs added Spanish to its list of available languages, which the Hindustan Times read as "indicative of the government's intent to go beyond Europe, Asia and