India Brazil trade

February 22, 2026 6:29 PM

Brazilian President Lula calls India a ‘democratic brother of the Global South’, sets $30 billion trade target

Brazilian President Luiz Inacio Lula da Silva on Sunday described India as a “democratic brother of the Global South” and set an ambitious target of raising bilateral trade to $30 billion, underscoring the growing strategic and economic partnership between the two countries. Speaking at the India-Brazil Economic Forum in New Delhi during his fifth visit to India, President Lula highlighted the deep-rooted similarities between the two nations and emphasised that their relationship is built o...

February 22, 2026 6:29 PM

Piyush Goyal urges India-Brazil trade expansion beyond $15 billion

Union Commerce and Industry Minister Piyush Goyal on Saturday called for a significant expansion of India-Brazil trade beyond the current $15 billion, urging businesses from both countries to pursue deeper collaboration in defence, renewable energy, pharmaceuticals and emerging technologies. Addressing the plenary session of the India-Brazil Business Forum in New Delhi, Goyal noted that bilateral trade had grown by 25 per cent in the past year to reach $15 billion but described the figure as �...

October 16, 2025 9:24 AM

Brazilian VP to Co-chair Inaugural Trade Ministerial Review Meeting with Piyush Goyal Today

Brazil's Vice President and Minister of Development, Industry, Trade, and Services, Geraldo Alckmin, will meet Union Minister of Commerce and Industry Piyush Goyal on Thursday for the inaugural Trade Ministerial Review Meeting. This meeting follows recent high-level discussions between Indian and Brazilian leaders aimed at enhancing trade and investment between the two countries. Alckmin arrived in India on Wednesday for a two-day visit. He is accompanied by cabinet ministers, senior officials...

October 8, 2025 10:43 AM

India and Brazil strengthen trade ties, aim for USD 20 billion bilateral trade

India and Brazil have reaffirmed their commitment to boosting bilateral trade, setting a target of USD 20 billion over the next five years. The renewed push came during the 7th meeting of the India-Brazil Trade Monitoring Mechanism (TMM), held in New Delhi on Tuesday, where senior officials from both countries discussed ways to deepen economic cooperation and strengthen investment ties across key sectors. Discussions covered a wide range of issues, including pharmaceuticals and healthcare, chem...

July 9, 2025 4:46 AM

India–Brazil bilateral trade to touch $20 billion over next five years: PM Modi in Brasilia

Prime Minister Narendra Modi on Tuesday said India and Brazil will work to expand cooperation in trade, clean energy, defence, Artificial Intelligence, and digital public infrastructure, underlining that both countries share a common vision for inclusive development and a people-centric approach to innovation. Speaking at a joint press statement alongside Brazilian President Luiz Inácio Lula da Silva, PM Modi expressed his gratitude for being conferred with Brazil’s highest national honour �...