PM Narendra Modi and Brazilian President Luiz Inácio Lula da Silva held bilateral meeting in New Delhi on Saturday, announcing major boost to Trade, energy ties, AI and Global South Coperation.
Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva held a joint news conference on Saturday and noted that the discussions between the two leaders aimed at moving forward across all sectors in the spirit of shared purpose and that the nations are committed to bilateral trade to surpass 20 billion USD in the next five years.
PM Modi thanked the Brazilian President for joining the India AI Impact Summit. He also praised his visionary leadership in strengthening India-Brazil relations.I am delighted to welcome President Lula and his delegation to India. India-Brazil relations have long benefited from President Lulas 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 Lulas 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 saidThe Prime Minister also noted that Brazil is Indias top trade partner in Latin America. He pointed out that the large Brazilian business delegations visit shows this commitment. He added that expanding the India-MERCOSUR trade agreement will boost economic ties between the two nations.Brazil is Indias largest trading partner in Latin America. We are committed to taking bilateral trade beyond $20 billion in the next five years. Our trade is not just a figure; its a reflection of trust. The large business delegation accompanying the President reflects this confidence. The expansion of the India-Mercosur trade agreement will further strengthen our economic cooperation. Our cooperation in technology and innovation is important for both countries as well as the entire Global South, said PM Modi.I am pleased that we are working on establishing a Centre of Excellence for Digital Public Infrastructure in Brazil. We are also prioritising our cooperation in areas such as artificial intelligence, supercomputers, semiconductors, and blockchain. Both countries believe that technology must be inclusive and must become a bridge for shared progress. Energy cooperation has been a strong pillar of our relationship. In addition to hydrocarbons, we are also accelerating cooperation in several areas, including renewable energy, ethanol blending, and sustainable aviation fuel. Brazils active participation in the Global Biofuel Alliance reflects our shared commitment to a green future. Brazil has also proposed co-chairing the Coalition for Disaster Resilient Infrastructure. I congratulate President Lula for this initiative. Brazils extensive experience in this area will significantly contribute to further strengthening the CDRI, he added.Earlier today, Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva held delegation-level talks. External Affairs Minister S Jaishankar, Union Commerce and Industry Minister Piyush Goyal, National Security Advisor Ajit Doval, MoS MEA Pabitra Margherita, Foreign Secretary Vikram Misri, and MEA Spokesperson Randhir Jaiswal were among those present during the talks.#WATCH | Delhi | Brazilian President Luiz Inácio Lula da Silva says, I would like to finish by saying to you, sir, that I am completely sure that the eyes of Brazil towards India are very hopeful...If we work together, we are going to strengthen Brazil-India bilateral… pic.twitter.com/QV02hVX5eq— ANI February 21, 2026During their address, both leaders also emphasised on strengthning the Global South Cooperation. “Were going to strengthen the global South so that we never ever again are faced with a cold war between you two big superpowers, said the Brazilian President.“We emphasise our commitment to the UN reform, particularly of the Security Council, so that it may represent the interests of the Global South and that have Brazil and India as natural candidates, added Lula da Silva.The Brazilian President has arrived in India with a large delegation of top CEOs of Brazilian companies. The CEOs are expected to participate in a Business Forum.
Modi Lula Summit 2026 Bilateral Trade 20 Billion USD India Mercosur Agreement PM Modi Brazil Visit Global South Cooperation India Brazil AI Partnership Lula Da Silva India Renewable Energy Biofuels UN Security Council India-Brazil Ties Global South Cooperation India-Brazil Trade Partnership
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
लूला के कान में क्या फुसफुसा रहे थे पीएम मोदी? फिर मैक्रों संग किया 'थम्स अप' का इशारा, आपने देखीं ये तस्वी...- what pm modi whispering in brazil president lula da silva ear gave a thumbs up gesture to macron
Read more »
लूला के कान में क्या फुसफुसा रहे थे पीएम मोदी? फिर मैक्रों संग किया 'थम्स अप' का इशारा, आपने देखीं ये तस्वी...- what pm modi whispering in brazil president lula da silva ear gave a thumbs up gesture to macron
Read more »
PM बोले-डीपफेक रोकने के लिए AI कंटेंट पर लेबल लगे: सेंसेक्स 1236 अंक टूटा, निफ्टी भी 365 अंक गिरा; सोना ₹29...India AI Impact Summit 2026 Delhi: PM Modi proposes AI content authenticity labels. Follow Dainik Bhaskar (दैनिक भास्कर) Latest Updates.
Read more »
पीएम मोदी से आज मिलेंगे ब्राजीलियन प्रेसिडेंट डी सिल्वा: भारत-ब्राजील के बीच ट्रेड डील पर मुहर संभव, लूला ब...India Brazil Trade Deal Likely Today. PM Modi Meets Brazil President Lula Da Silva; President Murmu & EAM Jaishankar Also Meet. भारत-ब्राजील की ट्रेड डील पर मुहर संभव।
Read more »
पीएम मोदी से आज मिलेंगे ब्राजीलियन प्रेसिडेंट डी सिल्वा: भारत-ब्राजील के बीच ट्रेड डील पर मुहर संभव, लूला ब...India Brazil Trade Deal Likely Today. PM Modi Meets Brazil President Lula Da Silva; President Murmu & EAM Jaishankar Also Meet. भारत-ब्राजील की ट्रेड डील पर मुहर संभव।
Read more »
India-US Trade Deal: डोनाल्ड ट्रंप बोले- भारत हमें टैरिफ देगा, कहा- पीएम मोदी अमेरिका से ज्यादा चालाक हैंIndia-US Trade Deal: डोनाल्ड ट्रंप बोले- भारत हमें टैरिफ देगा, हम नहीं, ट्रेड डील में कोई बदलाव नहीं Donald trump Says no change in trade deal with India
Read more »