India and Brazil have signed a new agreement to strengthen cooperation in the MSME sector, aiming to promote sustainable growth, green transition and stronger economic partnerships.

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•  India and Brazil signed a Memorandum of Understanding to deepen collaboration in the micro, small and medium enterprises sector and strengthen bilateral economic engagement.
•  The agreement was signed during the official visit of Brazilian President Luiz Inacio Lula da Silva to India, highlighting expanding cooperation between the two emerging economies.
•  The MoU establishes a structured platform for dialogue on MSME policies, technologies and market opportunities, encouraging long term partnerships between enterprises of both countries.
• It aims to help businesses understand each other’s regulatory frameworks, innovation systems and industrial strengths, creating new opportunities for trade and investment.
•  The agreement seeks to build stronger linkages between Indian and Brazilian MSMEs through knowledge exchange, business networking and collaborative projects across multiple sectors.
•  Promoting green transition is a key objective, with emphasis on sustainable manufacturing, environmentally responsible practices and adoption of cleaner technologies.
•  The partnership also aims to improve MSME access to green finance, helping small businesses adopt climate friendly technologies and expand into global value chains.
•  Overall, the cooperation is expected to enhance productivity, strengthen competitiveness and support sustainable economic development for MSMEs in both countries.