India and Brazil intention to spice up commerce to $20 billion over the following 5 years, up from the present $13 billion, Prime Minister Narendra Modi mentioned after a bilateral assembly with Brazilian President Luiz Inacio Lula da Silva on the sidelines of the BRICS Summit 2025.
The 2 leaders signed six agreements to deepen cooperation throughout varied sectors, together with vitality, agriculture, expertise, and digital transformation. Modi highlighted the aim of doubling commerce and strengthening ties throughout all areas, together with counter-terrorism and renewable vitality.
Key Agreements Signed:
- Cooperation in combating worldwide terrorism and transnational organised crime
- Alternate and mutual safety of labeled info
- Sharing large-scale digital options for digital transformation
- Collaboration in renewable vitality
- Agricultural analysis partnership between EMBRAPA (Brazil) and ICAR (India)
- Mental Property Cooperation between DPIIT (India) and MDIC (Brazil)
PM Modi additionally emphasised making India-Brazil ties as vibrant as Brazil’s carnival. He referred to as for relieving visa guidelines and selling people-to-people change, particularly for vacationers, college students, athletes, and enterprise professionals.
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