NewKerala.com

India & Brazil Target $20B Trade, Enter "Golden Era" of Partnership

India and Brazil have set an ambitious target to increase bilateral trade beyond $20 billion within the next five years. Union Minister Piyush Goyal declared the partnership is entering a "golden era," driven by shared democratic values and development goals. The cooperation spans critical sectors including renewable energy, defence, pharmaceuticals, and digital infrastructure. The visit underscores strategic alignment, highlighted by the sequential handover of the G20 and BRICS presidencies between the two nations.

Key Points: India-Brazil Set $20B Trade Goal, Strengthen Strategic Ties

  • Target $20B+ bilateral trade in 5 years
  • Cooperation in health, energy & defence
  • Shared G20 & BRICS leadership
  • Expanding digital & AI collaboration
2 min read

India, Brazil relationship built on foundations of democracy, diversity, shared aspirations for development: Piyush Goyal

India and Brazil aim to boost bilateral trade beyond $20 billion, marking a "golden era" of cooperation in trade, energy, and tech during President Lula's visit.

"the India-Brazil relationship is built on the foundations of democracy, diversity, and shared aspirations for development. - Piyush Goyal"

New Delhi, February 21

The India-Brazil Business Forum 2026 is currently in the spotlight, coinciding with the state visit of Brazilian President Luiz Inacio Lula da Silva to New Delhi. During the Visit of the Brazilian president, PM Modi and President Lula have set a goal to increase bilateral trade beyond $20 billion in the next five years.

Addressing the India-Brazil Business Forum on Saturday, Union Minister of Commerce and Industry Piyush Goyal called for a transformative leap in bilateral economic relations, asserting that the partnership between the two nations is entering a "golden era" of cooperation.

Piyush Goyal said that "the India-Brazil relationship is built on the foundations of democracy, diversity, and shared aspirations for development. Both countries share a strong, multifaceted strategic partnership driven by people-to-people ties and expanding cooperation across sectors. This growth between the two countries is driven by reforms in taxation, logistics, manufacturing, digital infrastructure, reducing compliance burden, making it easier to do business, and supporting the efforts of our business community across all regions and all sectors."

Minister Goyal asserted that "the relationship between the two of the world's largest democracies has demonstrated a very remarkable diplomatic relationship. In September 2023, we passed on the G20 presidency to Brazil under his excellency, President Lula. And in 2026, Brazil is passing on the BRICS presidency to India. India and Brazil are natural partners."

"Our relationship is built on the foundation of democracy, diversity and shared aspirations for development. We have a strong, multi-faceted strategic partnership driven by people-to-people ties and expanding cooperation across sectors. We are also expanding cooperation in health, pharma and energy, including renewable energy, critical minerals, defence, the aviation sector, and there is significant growth in our collaboration in science and technology, digital public infrastructure, and artificial intelligence," added Goyal.

Earlier today, a ceremonial welcome was held 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.

- ANI

Share this article:

Reader Comments

P
Priya S
Great to see focus on health and pharma cooperation. After COVID, strengthening supply chains between our countries is crucial. Hope this leads to more affordable medicines and joint research, especially for tropical diseases.
R
Rohit P
"Golden era" sounds promising, but let's be practical. The $20 billion target is ambitious. We need to see concrete steps on reducing trade barriers, not just speeches. Our businesses face real logistical challenges. Hope the forum addresses these ground realities.
M
Michael C
As someone working in tech, the mention of AI and digital public infrastructure collaboration is exciting. India's UPI and DPI model could be a game-changer for Brazil. This is how South-South cooperation should work - sharing solutions we've built.
S
Shreya B
The cultural and people-to-people ties are the real foundation. We have so much in common - love for football, vibrant cultures, and large youth populations. More student exchanges and tourism would solidify this partnership beautifully. 🙏
K
Karthik V
Passing the G20 and BRICS presidencies to each other shows incredible trust and coordination. This strategic alignment is more important than ever in today's multipolar world. Two democratic giants standing together.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50