India–Brazil relations strengthened on Saturday (21 February) as Prime Minister Narendra Modi and President Luiz Inácio Lula da Silva held wide-ranging talks in New Delhi, targeting expanded trade and strategic cooperation.
Speaking at Hyderabad House, PM Modi described the partnership as “beneficial for a long time” and set a goal of raising bilateral trade beyond $20 billion within five years.
Key developments include:
• Agreement on critical minerals and rare earths to strengthen resilient supply chains
• Expanding defence cooperation and strategic alignment
• Boosting trade through the India–MERCOSUR trade agreement expansion
• Increased collaboration in technology, pharmaceuticals and innovation
Brazil remains India’s largest trading partner in Latin America.
President Lula called the meeting one of “superlatives”, describing India as a “digital superpower” and Brazil a “renewable energy superpower”, underscoring shared ambitions across the Global South.
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