'India-Brazil Trade Can Touch $30 Billion By 2030': Brazil Prez Lula Da Silva Hails Ties With India

Brazilian President Luiz Inácio Lula da Silva has emphasized the strengthening trade relationship between India and Brazil, projecting that bilateral trade could reach $30 billion by 2030. In a recent statement, he acknowledged the historical and cultural connections that bind the two nations, while highlighting India's significant role in Brazil's strategy for accumulating international hard currency reserves. Lula's remarks come as both countries seek to enhance economic cooperation across various sectors, including agriculture, technology, and renewable energy. The Brazilian leader's visit to India is part of broader efforts to deepen ties with emerging economies, reflecting a mutual interest in fostering sustainable growth and development. Lula's administration is keen on leveraging India's vast market potential and innovative capabilities to build a robust partnership that benefits both nations, signaling a new era in India-Brazil relations. As the countries explore collaborative ventures, the potential for economic synergy could lead to increased investments and trade activities, paving the way for a prosperous future.