The Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva held a meeting at the Alvorada Palace on Tuesday (local time). During the meeting, the leaders discussed ways to deepen trade ties and diversify trade. India has also been engaging with Brazil to learn from their experience in mandating flex-fuel content and their regulatory approach.
PM Modi stated that he and President Lula agree that there is immense scope for such linkages to thrive in the coming times.
He said, “Held fruitful talks with President Lula, who has always been passionate about India-Brazil friendship. Our talks included ways to deepen trade ties and also diversify bilateral trade. We both agree that there is immense scope for such linkages to thrive in the coming times. lean energy, sustainable development and overcoming climate change were also prominent topics of discussion in our talks. Other areas where we will work even more closely include defence, security, AI and agriculture. India-Brazil cooperation in space, semiconductors and DPI will benefit our people.”
Secretary (East) in the Ministry of External Affairs, P Kumaran, has said that during the talks between Prime Minister Narendra Modi and President of Brazil Luiz Inácio Lula da Silva, both leaders acknowledged the importance of the agriculture sector and its significant contribution to the economies of both sides.
P Kumaran said, “Brazil, as you know, has a mandate for mixing ethanol with traditional fossil fuels. India is also pushing a mandate on mixing ethanol with traditional fossil fuels. We have been talking to Brazil about their experience on mandating flex-fuel content and trying to learn from their experiences in regulating this. There are also crops that are grown on either side which can be converted into biofuel. We want to try and see what we can do together to learn from each other’s experiences, what kind of technologies are available on either side so that we can benefit from each other.”
Press statement by President Lula stated: “Brazil and India can become the engines of a new development model based on clean energy sources. We are already partners in the Global Biofuels Alliance, launched during India’s G20 presidency. India has the world’s fastest-growing bioenergy market. The country has established a goal of 20% for the ethanol blend in gasoline and a 5% proportion of Biodiesel in diesel fuel. Brazil has half a century of experience with biofuels and is a pioneer in the market for flex-fuel engines. We already add 30% ethanol to gasoline and 15% Biodiesel to diesel.”
