India and Brazil sign mining pact as Modi targets twenty billion dollars in trade

India and Brazil signed a mining pact on Saturday to boost trade to twenty billion dollars. The deal secures vital raw materials for India's steel industry.

India ININ and Brazil BRBR signed a pact on February 21, 2026, to expand cooperation in the mining and minerals sector. This agreement, finalized during an official visit to New Delhi by Brazilian President Luiz Inacio Lula da Silva and Prime Minister Narendra Modi, is intended to improve India's access to raw materials and support capacity expansion within its steel sector.
Indian Prime Minister Narendra Modi shakes hands with Brazilian President Luiz Inacio Lula da Silva ahead of their meeting at Hyderabad House in New Delhi, India, February 21, 2026. REUTERS/Adnan Abidi
Indian Prime Minister Narendra Modi shakes hands with Brazilian President Luiz Inacio Lula da Silva ahead of their meeting at Hyderabad House in New Delhi, India, February 21, 2026. REUTERS/Adnan Abidi
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