PM Modi, Brazil President Lula sign rare earths deal; aim for trade beyond $20 bn

Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva connected Saturday acceptable a people to rise bilateral commercialized to $20 cardinal wrong 5 years and signed cardinal agreements successful areas including uncommon world minerals, integer concern and mining cooperation.

The 2 countries sought to deepen their strategical and economical ties.Addressing a associated property league successful New Delhi aft delegation-level talks, PM Modi gave details connected the discussions, revealing that the 2 nations' leaders focused connected expanding practice crossed sectors and strengthening the India–Brazil strategical partnership.“I americium delighted to invited President Lula and his delegation to India. India-Brazil relations person agelong benefited from President Lula’s imaginativeness and inspiring leadership,” PM Modi said.

“We are committed to taking bilateral commercialized beyond $20 cardinal successful the adjacent 5 years. Our commercialized is not conscionable a figure; it's a reflection of trust.”He added that the enlargement of the India–MERCOSUR commercialized statement would further boost economical cooperation, noting that Brazil remains India’s largest trading spouse successful Latin America.Key agreements signed crossed strategical sectorsThree agreements were exchanged betwixt the 2 sides, covering integer cooperation, captious minerals and mining proviso chains:

PM Modi described the captious minerals statement arsenic important amid planetary proviso concatenation concerns.

"The statement is simply a large measurement towards gathering resilient proviso chains,” helium said.The 2 sides besides agreed to grow practice successful emerging exertion sectors. “I americium pleased that we are moving connected establishing a Centre of Excellence for Digital Public Infrastructure successful Brazil. We are besides prioritising our practice successful areas specified arsenic artificial intelligence, supercomputers, semiconductors, and blockchain,” PM Modi said.

Technology, vigor and greenish practice expand

Energy practice emerged arsenic a cardinal pillar of the talks, with some sides agreeing to accelerate collaboration successful renewable vigor and sustainable fuels.“Energy practice has been a beardown pillar of our relationship. In summation to hydrocarbons, we are besides accelerating practice successful respective areas, including renewable energy, ethanol blending, and sustainable aviation fuel,” PM said.He besides welcomed Brazil’s information successful planetary clime initiatives.

“Brazil's progressive information successful the Global Biofuel Alliance reflects our shared committedness to a greenish future,” the premier curate added.Lula calls India ‘digital superpower’, backs stronger strategical tiesPresident Lula described the gathering arsenic a concern betwixt 2 large planetary powers of the Global South and highlighted the strategical value of India–Brazil relations.“My beloved person Modi, it is simply a crushed of happiness for maine to instrumentality to this state for the sixth time.

The gathering betwixt India and Brazil is simply a gathering of superlatives. We are not conscionable the 2 biggest democracies of the Global South. This is simply a gathering of a integer superpower with a renewable vigor superpower,” Lula said.He said some countries stock communal positions connected planetary governance and multilateral cooperation.“A turbulent planetary script requires our countries to fortify and deepen our strategical dialogue.

India and Brazil are important voices astatine the UN, the WTO and G20,” helium said.Lula came to India connected a authorities sojourn accompanied by a ample delegation, including apical Brazilian concern leaders, who are expected to enactment successful a concern forum aimed astatine expanding commercialized partnerships.Earlier successful the day, helium was accorded a ceremonial invited astatine Rashtrapati Bhavan and held delegation-level talks with Modi astatine Hyderabad House.

He besides paid tribute to Mahatma Gandhi astatine Rajghat.The sojourn follows PM Modi’s travel to Brasilia successful July 2025, the archetypal sojourn by an Indian premier curate to Brazil successful implicit 5 decades, and reflects increasing momentum successful bilateral ties arsenic some countries question to fortify trade, exertion and strategical cooperation.