In Short : Union Commerce and Industry Minister Shri Piyush Goyal urged a strategic surge in India-Brazil bilateral trade beyond USD 15 billion, highlighting that the current trade level, though up 25 %, is still “suboptimal.” Speaking at the India-Brazil Business Forum in New Delhi, he called for deeper collaboration in defense, renewable energy, pharmaceuticals, and emerging technologies, emphasizing shared potential for growth and investment.
In Detail : MoU Signed During President Lula’s Visit to Boost MSME Collaboration and Sustainable Growth
During the ongoing visit of delegation led by H.E. Luiz Inácio Lula da Silva, President of Brazil to India, the Ministry of MSME, Government of India, has signed a Memorandum of Understanding (MoU) with the Ministry of Entrepreneurship, Micro and Small Enterprises of the Federative, Republic of Brazil on 21.02.2026.
The MoU will provide a platform for both sides to discuss the issues concerning Micro, Small and Medium Enterprises (MSMEs) and explore possible areas of cooperation for mutual benefit of MSMEs in the two countries. It will provide a framework and enabling environment for the MSMEs of both countries to understand each other’s strengths, markets, technologies and policies.
The MoU also seeks to create enabling conditions for advancing the green transition, including facilitating MSMEs’ access to green finance, thereby enabling their integration into global markets and value chains, improving productivity, competitiveness and strengthening their capacity for sustainable development.
