In a move to strengthen economic ties, Brazil is set to expedite the issuance of electronic business visas for Indian nationals. The aim is to encourage technology transfer and boost investments between the two countries.

Brazil’s Vice-President and Trade Minister Geraldo Alckmin, accompanied by key ministers, met Indian leaders in New Delhi. They aimed to explore new areas of collaboration across defence, health, and technology.

Speaking at the India-Brazil Business Dialogue, Alckmin called India a priority partner. This partnership is for diversifying exports and investments. He said that the investment facilitation agreement and efforts to avoid double taxation will help create a safer and more predictable business environment. Brazil also plans to expand its Preferential Trade Agreement (PTA) with India and the MERCOSUR bloc. The goal is to strengthen trade and defence ties.

Bilateral trade between India and Brazil reached $12 billion in 2024, with Indian exports rising over 30%. Both sides now aim to push foreign trade to $20 billion by 2030. Alckmin invited Indian companies to invest in sectors such as automotive, IT, renewables, clean energy, healthcare, aerospace, and semiconductors.

The two nations are also launching a digital partnership focused on artificial intelligence (AI), high-performance computing, and tech start-ups. This initiative aims to create new jobs in the digital economy.

Highlighting their shared status as major food producers, Alckmin said India and Brazil can work together on agri supply chains, sustainable land use, and global food security. He also praised India’s role in the global biofuels alliance. Notably, ethanol and biodiesel are paving the way for sustainable growth.

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