Brazil and India Boost Business Ties with Electronic Visa and $20 Billion Trade Goal
Brazil and India introduce an electronic business visa and target $20 billion in annual trade, alongside new contracts and investments.
- • Brazil and India plan to increase bilateral trade to $20 billion annually.
- • An electronic visa for business travelers will simplify trade visits.
- • Petrobras signed a contract to supply 6 million barrels of oil to India.
- • A Brazil-India Business Council will be established to strengthen ties.
Key details
During an official mission in New Delhi on October 16 and 17, 2025, Brazil and India announced significant steps to enhance their bilateral trade relationship, aiming for $20 billion in annual business, up from $15 billion projected this year.
Vice President Geraldo Alckmin and other officials discussed facilitating investments, expanding tariff preferences, and improving trade logistics. A key new development is the implementation of an electronic business visa to simplify travel and commercial exchanges between the two countries. The current tariff preferences agreement covers only 450 out of 9,000 possible product lines, with ongoing negotiations to extend tariff reductions further.
Notably, Petrobras signed a contract to supply 6 million barrels of oil to India over one year, despite geopolitical tensions surrounding Russian oil imports. In parallel, Petrobras announced an unprecedented offer of 18 offshore oil exploration blocks in Brazil.
The Brazilian delegation included around 20 companies from agriculture, technology, health, and energy sectors. Embraco plans a $120 million investment in a Maharashtra factory to produce 6 million energy-efficient units annually. WEG India outlined ongoing operations and plans for new products tailored to the Indian market.
Furthermore, the creation of the Brazil-India Business Council was announced, with its first meeting slated for February. The council aims to foster closer commercial collaboration.
These measures highlight Brazil and India's commitment to deepen economic cooperation through practical facilitation and strategic investments, reinforcing ambitions expressed by President Lula and Prime Minister Narendra Modi.