‘Not allies, now friends…’, grand welcome for Brazilian President in Delhi, all eyes on investment

India Brazil Trade Target: A historic chapter was added to the strategic and diplomatic relations between India and Brazil on Saturday, 21 February 2026. President Luiz Inacio Lula da Silva’s 5-day state visit will focus not only on trade, but also the future of technology and the ‘Global South’ It is also considered very important from the point of view of unity.

Grand welcome at Rashtrapati Bhavan

President Lula was given a grand ceremonial welcome on Saturday morning in the historic forecourt of Rashtrapati Bhavan. He was received by President Draupadi Murmu and Prime Minister Narendra Modi where he was given a traditional ‘guard of honour’. given. After this, high level bilateral talks took place between Prime Minister Modi and President Lula at Hyderabad House.

Team of 300 companies and trade target of 20 billion dollars

A huge delegation of owners of more than 300 big Brazilian companies, top executives and 14 ministers has reached India along with President Lula. According to experts, Brazil’s biggest festival is ‘Carnival’ The visit of this huge delegation to India during 2017 reflects their serious commitment towards trade relations.

The trade between the two countries was 15.2 billion dollars in the year 2025, which is targeted to cross 20 billion dollars by 2030. During his visit Lula opened Brazil’s first ‘Trade Office’ Also inaugurated.

The digital world has returned to its homeland

Before the bilateral talks, President Lula held the ‘AI Impact Summit 2026’ Where he highly praised the mathematical history of India. He said the &8216;binary system&8217; given by Indian mathematicians 2,000 years ago. This is the basis of today’s modern computing, hence the digital world has returned to its homeland today. He also advocated for an inclusive UN-led framework for global governance of AI.

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strategic agreements

The main agenda of the bilateral discussions included the signing of an important agreement (MoU) on the supply of critical minerals from Brazil to reduce dependence on China. Apart from this, aircraft manufacturing agreements between Brazilian company Embraer and India’s Adani and Mahindra groups in the field of defense and aviation are also being reviewed. On the diplomatic front, 10 years of ‘multiple entry’ Discussion is also possible on starting a visa system.