By BK Jha
India and Brazil are poised to redefine South-South cooperation through deeper agricultural, green energy, and trade collaborations. The bilateral trade between the two major emerging economies has already touched $12 billion in 2024, and both nations are now working towards doubling this to $20 billion by 2030, with a strong emphasis on agriculture, food security, climate resilience, and clean technologies.
Addressing the India–Brazil Business Dialogue jointly organized by FICCI, ApexBrasil, and the National Confederation of Industry (CNI), Geraldo Alckmin, Vice President and Minister of Development, Industry, Trade and Services, Government of Brazil, underlined that the partnership between the two countries is “complementary, not competitive.”
“Brazil is opening its doors to Indian investment, and together we can transform our economies and forge a strong Brazil-India alliance for the future,” said Alckmin.
Brazil, one of the world’s leading agricultural producers, and India, one of the largest food consumers and agritech innovators, see tremendous synergies in agri-technology, farm mechanization, irrigation systems, and climate-smart agriculture.
Alckmin invited Indian agribusinesses and agri-tech companies to invest in Brazil’s agricultural value chains—ranging from biofuels and food processing to sustainable crop systems and digital farming.
He emphasized that both nations can play a vital role in advancing global food security and sustainable agricultural practices, especially in the context of climate change and shifting trade dynamics.
According to the Brazilian Vice President, key sectors for Indian investment include renewables, clean energy, healthcare, aerospace, semiconductors, and particularly agriculture. Brazil is also working on easing entry for Indian businesses through an upcoming e-visa framework and is exploring a broadened Preferential Trade Agreement (PTA) to expand market access for agri-commodities and allied industries.
A new digital partnership between Brazil and India will focus on AI, high-performance computing, and technology-driven sustainability, all of which have potential applications in modern farming, resource efficiency, and agri-supply chain management.
India’s Commerce and Industry Minister Piyush Goyal reaffirmed the country’s position as the fastest-growing major economy for the next two decades, citing the IMF’s upward revision of India’s GDP growth forecast to 6.6% for 2025.
