NEW DELHI ,21 Feb 2026 : Hailing the “win-win partnership” between India and Brazil, Prime Minister Narendra Modi on Saturday emphasised that both countries remain dedicated to enhancing their relationship across all sectors and are committed to increasing bilateral trade to over $20 billion.
Addressing a joint press meet with Brazilian President Luiz Inacio Lula da Silva following the delegation-level talks at Hyderabad House in New Delhi, PM Modi highlighted that India-Brazil ties have benefited a lot over the years under the “visionary and inspirational” leadership of President Lula who, he said, has displayed deep friendship and trust for India.
PM Modi stated that President Lula’s visit enhanced the “splendour” of the historic AI Summit and provided new energy to the strategic partnership between the two nations.
“I thank him for the friendship and commitment to further strengthening the ties between the two nations,” mentioned PM Modi, adding that both countries discussed ways to move forward with “shared purpose and aspirations”.
Calling Brazil the “largest trading partner of India in Latin America”, PM Modi said, “In the coming 10 years, we are committed to taking our bilateral trade beyond $20 billion. Our trade is not just figures, but a reflection of trust. The business delegation that came with the President shows this trust.”
He said that the expansion of the India-MERCOSUR Preferential Trade Agreement (PTA) will further strengthen the economic cooperation between the two countries.
“In the field of technology and innovation, our cooperation holds significance not only for both countries but for the entire Global South. I am happy that we are working on establishing a Centre of Excellence for Digital Public Infrastructure in Brazil,” he added.
