Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva signed key agreements in areas including rare earth minerals, digital partnership and mining cooperation on Saturday and aimed to raise bilateral trade to $20 billion within five years. The two countries sought to deepen their strategic and economic ties. Addressing a joint press conference after delegation-level talks in New Delhi, PM Modi said, “I am delighted to welcome President Lula and his delegation to India. India-Brazil relations have long benefited from President Lula’s vision and inspiring leadership.”&nbsp;&nbsp;“We are committed to taking bilateral trade beyond $20 billion in the next five years. Our trade is not just a figure; it’s a reflection of trust.”&nbsp;Also Read: <a href="https://www.wionews.com/india-news/-held-protest-like-nepal-gen-z-delhi-police-tells-court-on-youth-congress-shirtless-stir-at-ai-summit-1771670760953">‘Held Nepal Gen Z-like protest’: Delhi Police tells court on Youth Congress shirtless stir at AI Summit</a>&nbsp;He added that the expansion of the India–MERCOSUR trade agreement would further boost economic cooperation, as Brazil is India’s largest trading partner in Latin America.&nbsp;&nbsp;<h2>India, Brazil sign three agreements</h2>&nbsp;India and Brazil signed three agreements covering digital cooperation, critical minerals and mining supply chains.PM Modi described the critical minerals agreement as significant amid global supply chain concerns. “The agreement is a major step towards building resilient supply chains,” he said. The two sides also agreed to expand cooperation in emerging technology sectors.“I am pleased that we are working on establishing a Centre of Excellence for Digital Public Infrastructure in Brazil. We are also prioritising our cooperation in areas such as artificial intelligence, supercomputers, semiconductors, and blockchain,” PM Modi said.&nbsp;&nbsp;Also Read: <a href="https://www.wionews.com/world/-don-t-be-a-panican-trust-trump-republicans-aides-rally-behind-president-1771613397421">‘Don’t be a Panican! Trust Trump’: Republicans, aides rally behind president</a>&nbsp;Energy cooperation emerged as a key pillar of the talks, with both sides agreeing to accelerate collaboration in renewable energy and sustainable fuels.&nbsp;“Energy cooperation has been a strong pillar of our relationship. In addition to hydrocarbons, we are also accelerating cooperation in several areas, including renewable energy, ethanol blending, and sustainable aviation fuel,” PM said. &nbsp;He also hailed Brazil’s participation in global climate initiatives like Global Biofuel Alliance.&nbsp;<h2>‘A meeting of digital superpower with renewable energy superpower,’ says Lula&nbsp;</h2>&nbsp;President Lula described the meeting as a partnership between two major global powers of the Global South and highlighted the strategic importance of India-Brazil relations. “My dear friend Modi, it is a reason of happiness for me to return to this country for the sixth time. The meeting between India and Brazil is a meeting of superlatives. We are not just the two biggest democracies of the Global South. This is a meeting of a digital superpower with a renewable energy superpower,” Lula said.&nbsp;&nbsp;Also Read: <a href="https://www.wionews.com/world/-victory-for-americans-and-us-economy-democrats-rejoice-over-scotus-ruling-against-trump-s-tariffs-1771608358859">‘Victory for Americans and US economy’: Democrats rejoice over SCOTUS ruling against Trump’s tariffs</a>&nbsp;He said both countries share common positions on global governance and multilateral cooperation. “A turbulent global scenario requires our countries to strengthen and deepen our strategic dialogue. India and Brazil are crucial voices at the UN, the WTO and G20,” he said.

Prime Minister Narendra Modi said that the expansion of the India–MERCOSUR trade agreement would further boost economic cooperation, as Brazil is India’s largest trading partner in Latin America. He added that the two nations aim to take bilateral trade beyond $20 billion in next five years.

Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva signed key agreements in areas including rare earth minerals, digital partnership and mining cooperation on Saturday and aimed to raise bilateral trade to $20 billion within five years. The two countries sought to deepen their strategic and economic ties. Addressing a joint press conference after delegation-level talks in New Delhi, PM Modi said, “I am delighted to welcome President Lula and his delegation to India. India-Brazil relations have long benefited from President Lula’s vision and inspiring leadership.” “We are committed to taking bilateral trade beyond $20 billion in the next five years. Our trade is not just a figure; it’s a reflection of trust.” Also Read: ‘Held Nepal Gen Z-like protest’: Delhi Police tells court on Youth Congress shirtless stir at AI Summit He added that the expansion of the India–MERCOSUR trade agreement would further boost economic cooperation, as Brazil is India’s largest trading partner in Latin America. India, Brazil sign three agreements India and Brazil signed three agreements covering digital cooperation, critical minerals and mining supply chains. PM Modi described the critical minerals agreement as significant amid global supply chain concerns. “The agreement is a major step towards building resilient supply chains,” he said. The two sides also agreed to expand cooperation in emerging technology sectors. “I am pleased that we are working on establishing a Centre of Excellence for Digital Public Infrastructure in Brazil. We are also prioritising our cooperation in areas such as artificial intelligence, supercomputers, semiconductors, and blockchain,” PM Modi said. Also Read: ‘Don’t be a Panican! Trust Trump’: Republicans, aides rally behind president Energy cooperation emerged as a key pillar of the talks, with both sides agreeing to accelerate collaboration in renewable energy and sustainable fuels. “Energy cooperation has been a strong pillar of our relationship. In addition to hydrocarbons, we are also accelerating cooperation in several areas, including renewable energy, ethanol blending, and sustainable aviation fuel,” PM said. He also hailed Brazil’s participation in global climate initiatives like Global Biofuel Alliance. ‘A meeting of digital superpower with renewable energy superpower,’ says Lula President Lula described the meeting as a partnership between two major global powers of the Global South and highlighted the strategic importance of India-Brazil relations. “My dear friend Modi, it is a reason of happiness for me to return to this country for the sixth time. The meeting between India and Brazil is a meeting of superlatives. We are not just the two biggest democracies of the Global South. This is a meeting of a digital superpower with a renewable energy superpower,” Lula said. Also Read: ‘Victory for Americans and US economy’: Democrats rejoice over SCOTUS ruling against Trump’s tariffs He said both countries share common positions on global governance and multilateral cooperation. “A turbulent global scenario requires our countries to strengthen and deepen our strategic dialogue. India and Brazil are crucial voices at the UN, the WTO and G20,” he said.

Prime Minister Narendra Modi said that the expansion of the India–MERCOSUR trade agreement would further boost economic cooperation, as Brazil is India’s largest trading partner in Latin America. He added that the two nations aim to take bilateral trade beyond $20 billion in next five years.

Modi and Lula sign rare earths deal, set target of over $20 billion bilateral trade in 5 years

Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva on Saturday held delegation-level talks here in the national capital. External Affairs Minister S Jaishankar, Union Commerce and Industry Minister Piyush Goyal, National Security Advisor Ajit Doval, MoS MEA Pabitra Margherita, Foreign Secretary Vikram Misri and MEA Spokesperson Randhir Jaiswal were among those present during the talks. Earlier, PM Modi and President Lula held discussions at Hyderabad House on Saturday. Earlier today a ceremonial welcome was held on Saturday at the forecourt of Rashtrapati Bhavan for Brazilian President Luiz Inacio Lula da Silva, who is on a state visit to India. President Lula was accorded the Guard of Honour at the Rashtrapati Bhavan. The Brazilian President was received at the Rashtrapati Bhavan by PM Modi and President Droupadi Murmu. President Lula also met External Affairs Minister S Jaishankar. He also paid tributes to Mahatma Gandhi at Rajghat. On Friday, President Lula inaugurated the first office of the Brazilian Trade and Investment Promotion Agency (Apex) in New Delhi. Sharing the details in a post on X he said that this would promote Brazilian products and services abroad and to attract foreign investments to strategic sectors of the Brazilian economy. Brazil's envoy to India, Kenneth da Nobrega, on Friday spoke to ANI about the growing rapport between President Lula and PM Modi, and said, "This is taking the bilateral relations historically to a new level. There is a very good chemistry. I think they are not only colleagues, but they have become more and more friends. That's a fact." The Brazilian envoy to India said, "President Lula has come to India with the largest ever delegation, with more than 11 cabinet ministers, more than 300 businessmen, among them 50 CEOs. This is taking the bilateral relations historically to a new level." Lula's visit to India follows a July 2025 visit to Brasilia by Prime Minister Narendra Modi, the first by an Indian prime minister in more than 50 years. The Brazilian President has arrived in India with large delegation of top CEOs of Brazilian companies. The CEOs are expected to participate in a Business Forum.&nbsp;

Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva held delegation level talks in New Delhi, marking a key moment in India Brazil ties.

Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva on Saturday held delegation-level talks here in the national capital. External Affairs Minister S Jaishankar, Union Commerce and Industry Minister Piyush Goyal, National Security Advisor Ajit Doval, MoS MEA Pabitra Margherita, Foreign Secretary Vikram Misri and MEA Spokesperson Randhir Jaiswal were among those present during the talks. Earlier, PM Modi and President Lula held discussions at Hyderabad House on Saturday. Earlier today a ceremonial welcome was held on Saturday at the forecourt of Rashtrapati Bhavan for Brazilian President Luiz Inacio Lula da Silva, who is on a state visit to India. President Lula was accorded the Guard of Honour at the Rashtrapati Bhavan. The Brazilian President was received at the Rashtrapati Bhavan by PM Modi and President Droupadi Murmu. President Lula also met External Affairs Minister S Jaishankar. He also paid tributes to Mahatma Gandhi at Rajghat. On Friday, President Lula inaugurated the first office of the Brazilian Trade and Investment Promotion Agency (Apex) in New Delhi. Sharing the details in a post on X he said that this would promote Brazilian products and services abroad and to attract foreign investments to strategic sectors of the Brazilian economy. Brazil's envoy to India, Kenneth da Nobrega, on Friday spoke to ANI about the growing rapport between President Lula and PM Modi, and said, "This is taking the bilateral relations historically to a new level. There is a very good chemistry. I think they are not only colleagues, but they have become more and more friends. That's a fact." The Brazilian envoy to India said, "President Lula has come to India with the largest ever delegation, with more than 11 cabinet ministers, more than 300 businessmen, among them 50 CEOs. This is taking the bilateral relations historically to a new level." Lula's visit to India follows a July 2025 visit to Brasilia by Prime Minister Narendra Modi, the first by an Indian prime minister in more than 50 years. The Brazilian President has arrived in India with large delegation of top CEOs of Brazilian companies. The CEOs are expected to participate in a Business Forum.

Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva held delegation level talks in New Delhi, marking a key moment in India Brazil ties.

Indian PM Modi and Brazil President Lula hold delegation talks in New Delhi

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Modi and Lula sign rare earths deal, set target of over $20 billion bilateral trade in 5 years

Indian PM Modi and Brazil President Lula hold delegation talks in New Delhi