India and Brazil Explore New Partnerships in Minerals, Agribusiness and Technology

World Trade Center Mumbai hosts Brazil's Consul General to discuss trade, investment and sector-specific collaboration

World Trade Center Mumbai organised an interactive meeting with H.E. Mr. José Mauro da Fonseca Costa Couto, Consul General of Brazil in Mumbai, to identify new avenues for economic engagement between India and Brazil.

The meeting focused on promoting partnerships across key sectors and strengthening institutional linkages to facilitate greater collaboration between businesses in both countries.

H.E. Mr. José Mauro da Fonseca Costa Couto, Consul General of Brazil in Mumbai, said, "There is significant scope for both countries to expand cooperation across trade, investment and sectoral development Agribusiness, technology are among Brazil’s key strengths, and there is considerable potential for collaboration in this sector. Brazil’s rich mineral resources, including rare earths and other critical minerals, offer significant opportunities for Indian companies to explore partnerships across sectors. There is also scope to further strengthen government-to-business partnerships and diversify India–Brazil engagement beyond traditional sectors into new and emerging areas."

The Consul General also expressed interest in expanding trade engagement with World Trade Center Mumbai and noted that institutional partnerships can help connect businesses and encourage practical cooperation.

Dr. Vijay Kalantri, Chairman, World Trade Center Mumbai and President, All India Association of Industries, said, "Brazil is India’s largest trading partner in the Latin American and Caribbean region, with bilateral merchandise trade standing at USD 12.19 billion in FY 2024–25. With both countries aiming to increase bilateral trade to USD 20 billion by 2030, there is strong potential to deepen cooperation in areas such as technology, artificial intelligence, sugar, ethanol, fertilizers, petrochemicals, natural resources and agribusiness.

"Brazil’s strengths complement India’s capabilities in manufacturing, services, technology and entrepreneurship. Indian companies have already invested in Brazil, and this relationship can be taken forward through focused business engagement, structured business exchanges, joint ventures and market access partnerships," added Dr. Kalantri.

The meeting was attended by Capt. Somesh Batra, Vice Chairman, World Trade Center Mumbai; Mr. Parag Mehta, Council Member, World Trade Center Mumbai; Ms. Priya Pansare, Director, Trade and Investment Promotion, World Trade Center Mumbai; and Mr. Santosh Kotre, Director, Finance and Accounts, World Trade Center Mumbai.

The meeting concluded with both sides highlighting the importance of creating practical platforms for interaction among industry leaders, policymakers and business communities. World Trade Center Mumbai also reaffirmed its commitment to supporting stronger India–Brazil business ties and facilitating engagement between enterprises from Maharashtra and Brazil.