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Rare Earths MoU
India and Brazil sign the landmark critical minerals pact in New Delhi.
Aerospace Partnership
Embraer and Adani Group announce plans to build aircraft in India.
Trade Headwinds
Both nations hit by US tariffs, prompting calls for stronger Global South cooperation.
Initial Trade Target
Modi and Lula set an initial $20 billion bilateral trade target in Brasilia.
India and Brazil have established an ambitious roadmap to double their bilateral trade to $30 billion by 2030. This strategic pivot aims to diversify economic ties beyond traditional commodities into high-growth sectors like defense, renewable energy, and digital technology.
India and Brazil have signed a landmark memorandum of understanding on rare earths and critical minerals, aiming to secure resilient supply chains and reduce a 90% import dependency on China. The partnership marks a strategic pivot for the Global South toward resource independence, advanced technology cooperation, and a $30 billion bilateral trade target.