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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Pezeshkian says Iran will not bow to pressure amid US nuclear talks
Ukraine hits Russian ballistic missiles producer in Udmurtia, Kyiv says
With tariffs ruling, Supreme Court reasserts its power to check Trump
Exclusive-Cuban security forces exit Venezuela as US pressure mounts
France's Macron calls for calm ahead of march for far-right activist killed last week
Two soldiers, five militants killed in Bannu, Pakistan army says
Ukrainians, scattered across Europe, trapped in limbo by war
Macron says US Supreme Court tariff ruling shows it is good to have counterweights to power in democracies
Analysis-Trump pushes US toward war with Iran as advisers urge focus on economy
Trump meets Vietnam leader, vows to remove Hanoi from restricted lists

Others Also Read