Subscribe to Newsletter to get latest insights & analysis in your inbox. Download the ETAuto App and get the Realtime updates and Save your favourite articles. Officials said the two leaders are expected to sign a memorandum of understanding on critical minerals and discuss ways to strengthen trade ties.Bilateral trade between the two countries exceeded $15 billion in 2025, with India currently the 10th largest market for Brazilian exports. Both sides have set a target of increasing trade to $20 billion by 2030.With China maintaining a near-monopoly over rare earth production, several countries are pursuing alternative supply chains. He is scheduled to travel next to South Korea for meetings with President Lee Jae Myung and to attend a business forum.

Source: Economic Times February 21, 2026 08:11 UTC