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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 dramatically scaled their economic ambitions, setting a $30 billion bilateral trade target for 2030 and signing a landmark pact on critical minerals. The agreement focuses on securing resilient supply chains for rare earths and steel while expanding cooperation into high-tech sectors like AI and space.
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.