India-Brazil Deepen Agri and Green Economy Ties: $20 Billion Trade Target by 2030

India and Brazil are looking to expand cooperation in agriculture, green energy, and trade, with a stated goal of growing bilateral trade from $12 billion in 2024 to $20 billion by 2030. The push is framed around agriculture, food security, climate resilience, and clean technologies.

Speaking at the India–Brazil Business Dialogue organized by FICCI, ApexBrasil, and Brazil’s National Confederation of Industry (CNI), Brazil’s Vice President and Minister of Development, Industry, Trade and Services Geraldo Alckmin described the relationship as complementary. He encouraged Indian companies to invest in Brazil and pointed to opportunities across agricultural value chains.

Both countries see potential alignment between Brazil’s agricultural production and India’s large food market and agritech sector. Areas highlighted include agri-technology, mechanization, irrigation, climate-smart agriculture, biofuels, food processing, sustainable cropping systems, and digital farming.

Brazil is also working on steps that could make it easier for Indian businesses to operate there, including an upcoming e-visa framework and discussions around expanding a Preferential Trade Agreement to improve market access for agricultural commodities and related industries. Separately, the two countries are pursuing a digital partnership focused on AI, high-performance computing, and technology-driven sustainability, with possible uses in farming efficiency and supply chain management. India’s Commerce and Industry Minister Piyush Goyal also cited an IMF upward revision that puts India’s 2025 GDP growth forecast at 6.6%.

Why it matters

• India and Brazil are targeting a significant trade increase by 2030, with agriculture and clean technology positioned as central drivers.
• Investment and technology cooperation could influence farm productivity, climate resilience, and food security strategies in both countries.
• Proposed policy changes—like an e-visa framework and a broadened trade agreement—could affect market access for ag commodities and allied industries.

What to do next

• Watch for details and timelines on Brazil’s proposed e-visa framework and any expansion of the Preferential Trade Agreement.
• Track announcements tied to the Brazil–India digital partnership, especially projects applying AI and computing to agriculture and supply chains.

Source

Original reporting by agriculturepost.com: https://agriculturepost.com/agribusiness/india-brazil-deepen-agri-and-green-economy-ties-20-billion-trade-target-by-2030/