Hailing the strong partnership between India and Brazil, Prime Minister Narendra Modi highlighted their commitment to boosting ties across all sectors and increasing bilateral trade to over $20 billion. President Lula da Silva’s visit has energized the strategic partnership, with both countries focusing on shared goals and aspirations. India sees Brazil as its largest trading partner in Latin America and aims to enhance economic cooperation through agreements like the India-MERCOSUR Preferential Trade Agreement.
In the realm of technology and innovation, both nations are collaborating on initiatives like a Centre of Excellence for Digital Public Infrastructure in Brazil. They are also prioritizing cooperation in areas such as Artificial Intelligence, supercomputers, semiconductors, and blockchain to drive inclusive technological progress. Energy cooperation, particularly in renewable sources like ethanol blending and sustainable aviation fuel, remains a key pillar of their relationship.
The defense sector collaboration between India and Brazil is expanding, showcasing mutual trust and strategic coordination. Both countries are diversifying their partnership into agriculture, animal husbandry, and food security, with plans to establish a Centre of Excellence for oilseeds, pulses, and integrated Farming in Brazil. Additionally, there are vast opportunities for cooperation in the health and pharmaceutical sectors, with India committed to supplying quality medicines and promoting holistic healthcare in Brazil.
On the global stage, India and Brazil, as democratic nations, are working together to advance the interests of the Global South. They emphasize the importance of resolving issues through dialogue and diplomacy, condemning terrorism and advocating for reforms in global institutions. Prime Minister Modi expressed confidence that President Lula’s visit will further enhance their strategic partnership and open new avenues of cooperation in the future.
