India, Brazil sign mining pact as Modi targets $20 billion trade in five years


Indian Prime Minister Narendra Modi shakes hands with Brazilian President Luiz Inacio Lula da Silva, ahead of their meeting at Hyderabad House in New Delhi, India, February 21, 2026. REUTERS/Adnan Abidi

NEW DELHI, Feb 21 (Reuters) - India moved to deepen trade ties with Brazil on ⁠Saturday, signing a pact to expand cooperation in mining and minerals as it ‌seeks to meet rising domestic steel demand and support capacity expansion amid a global race for raw materials.

The agreement was signed in the presence of India's Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula ​da Silva, who arrived in New Delhi earlier this week ⁠for a three-day visit.

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