Rio de Janeiro, July 4 -- Indian business leaders attending the BRICS Summit in Brazil have expressed optimism ahead of Prime Minister Narendra Modi's visit, saying they expect a fruitful outcome in terms of trade, investment, and strategic collaboration.

PM Modi will participate in the BRICS Summit in Rio de Janeiro on July 6-7, followed by a bilateral visit to Brasilia -- the first by an Indian Prime Minister in nearly six decades. He will also hold meetings with Brazilian President Luiz Inacio Lula da Silva and other global leaders on the sidelines of the summit.

Ahead of the visit, Indian business leaders in Brazil on Friday said they expect the trip to yield meaningful outcomes in areas ranging from trade and investment to agribusi...