Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva held a meeting at the Alvorada Palace. During the meeting, the leaders discussed ways to deepen trade ties and diversify trade.

PM Modi stated that he and President Lula agree that there is immense scope for such linkages to thrive in the coming times.

In a post on X, PM Modi wrote, "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."

PM Modi noted that his meeting with President Lula will invigorate ties between India and Brazil. He stated that they have set a target of USD 20 billion over the coming five years.

"The bilateral meeting with my good friend President Lula will invigorate India-Brazil ties. We've set an ambitious trade target of USD 20 billion over the coming five years. This will boost economic linkages. Equally important were the discussions on strengthening people-to-people ties, especially through sports and tourism," PM Modi posted on X.

PM Modi thanked President Lula for conferring him with Brazil's highest civilian honour, 'The Grand Collar of the National Order of the Southern Cross.'

"I'm honoured to have been conferred 'The Grand Collar of the National Order of the Southern Cross.' Gratitude to President Lula, the Government and the people of Brazil. This illustrates the strong affection the people of Brazil have for the people of India. May our friendship scale even newer heights of success in the times to come," PM Modi posted on X.