US EditionIndia, Brazil set bilateral trade target of over $20 Bn in 5 years
India and Brazil aim to exceed $20 billion in bilateral trade within five years by strengthening ties in critical minerals, defence, renewable energy, and digital cooperation.
- Brazilian President Luiz Inacio Lula da Silva arrived and was received by Prime Minister Narendra Modi and President Droupadi Murmu with a Guard of Honour at Rashtrapati Bhavan.
- Preparations including a vice‑presidential trip and 300 businesspeople set the stage for Modi and Lula to reshape their cooperation into five priority areas, discussed last July.
- They signed multiple agreements that target climate‑resilient agriculture, precision farming, biofertilisers, critical minerals, defence cooperation, and health and pharmaceutical sectors.
- The leaders urged reform of international institutions and emphasized shared security positions while committing to deepen bilateral trade to surpass USD 20 billion in the next five years.
- Delegation‑level talks and summit participation created momentum for tech and industrial collaboration, with senior ministers highlighting opportunities in information technology, artificial intelligence, biotechnology and space.
64 Articles
64 Articles
Brazil and India signed a cooperation agreement on critical minerals, with the objective of ensuring access to key materials for industries such as electric vehicles, renewable energy, technology and defense, in a scenario marked by China's high global dependence on this type of resources. The South American giant has the second largest global reserves of several of these minerals, essential for the manufacture of products as diverse as solar pa…
India and Brazil have agreed to deepen their economic cooperation.
India, Brazil ink critical minerals deal as Modi, Lula meet in New Delhi
India and Brazil agreed to boost cooperation on critical minerals and rare earths on Saturday, Prime Minister Narendra Modi said after talks in New Delhi with Brazilian President Luiz Inacio Lula da Silva. “The agreement on critical minerals and rare earths [is] a major step towards building resilient supply chains,” Modi said. Brazil has the world’s second-largest reserves of critical minerals, which are used in everything from electric vehicle…
The President spoke on the side of the Indian Prime Minister and defended to strengthen the Global South so that people would never be involved in a cold war between powers.
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