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India-Brazil to take trade beyond $20 billion

by Blitz India Media
February 21, 2026
in News
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India-Brazil
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Blitz Bureau

NEW DELHI: Prime Minister Narendra Modi on February 21 held a joint news conference with Brazilian President Lula da Silva in the national capital. He noted both the nations are committed for bilateral trade to surpass $20 billion in the next five years.

PM Modi thanked the Brazilian President for his participation in the Global AI Impact Summit, and also praised his visionary leadership in giving a fillip to India-Brazil ties. “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.

“Over the past few years, I have had the privilege of meeting him several times, and in each meeting, I have felt his deep friendship and trust in India. President Lula’s visit has graced the historic AI Impact Summit and given new energy to our strategic partnership. I express my gratitude to the President for his friendship and commitment to the relationship between our two countries,” PM Modi said.

PM Modi noted that Brazil is India’s largest trade partner in Latin America. He further highlighted that the visit of the large business delegation from Brazil is a commitment to this fact and noted that with expansion of India-MERCOSUR trade agreement the economic cooperation will further increase between the two countries.

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