US EditionIndia, Brazil set bilateral trade target of over $20 Bn in 5 years
India and Brazil aim to boost trade beyond $20 billion in five years and signed a critical minerals pact to reduce reliance on China, enhancing supply chain resilience.
- On Saturday in New Delhi, Prime Minister Narendra Modi and President Luiz Inacio Lula da Silva signed a deal on critical minerals and rare earths and set a $20 billion trade target.
- Seeking to reduce dependence on China, India has expanded domestic production and recycling while Brazil's large reserves encouraged cooperation to build resilient supply chains.
- Alongside the mineral MOU, nine other accords were finalised on digital, health and entrepreneurship, while Luiz Inacio Lula da Silva led a delegation including 11 ministers and 300 businesspeople.
- Lula said `Increasing investments and cooperation in matters of renewable energies and critical minerals is at the core of the pioneering agreement that we have signed today`, and leaders agreed to extend business and tourist visas from 5 years to 10 years to encourage growth.
- Experts argue this pact strengthens supply options as Rishabh Jain says alliances help secure resource access, and rare earths underpin key technologies, highlighting industrial significance.
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The leaders of Brazil and India, Luiz Inácio Lula da Silva and Narendra Modi, announced yesterday the signing of a “pioneer” agreement on critical minerals and rare earths, described by the Asian Prime Minister as “an important step towards building resilient supply chains” and a symbol of mutual trust. The South American president stressed that “expanding investments and cooperation in renewable energy and critical minerals is at the core of th…
PM Modi received a musical surprise in Brazil, and now Lula is also getting a treat in India. Brazilian President Luiz Inácio Lula da Silva is currently visiting India. He was welcomed by President Draupadi Murmu at Rashtrapati Bhavan. Lula shared memories of a "musical surprise" he received at a luncheon hosted by PM Narendra Modi.
India, Brazil Sign Mining Pact As Modi Targets $20 Billion Trade in 5 years
NEW DELHI - India moved to deepen trade ties with Brazil on Saturday, signing a pact to expand cooperation in mining and minerals as it seeks to meet rising domestic steel demand and support capacity expansion amid a global race for raw materials.
Brazil and India signed an agreement today to strengthen cooperation in the field of critical minerals and rare earth metals.
digitimes.com
technewstube.comIndia and Brazil agree to boost trade in critical minerals and rare earths
On February 21, Indian Prime Minister Narendra Modiheld wide-ranging talks with Brazilian President Luiz Inácio Lula da Silva, with both sides reaffirming their commitment to deepen strategic ties and expand cooperation across trade, technology, energy, and critical minerals.
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