India-Brazil MoU marks a significant step in strengthening bilateral economic ties and MSME collaboration. During the ongoing visit of the delegation led by H.E. Luiz Inácio Lula da Silva, President of Brazil to India, the Ministry of MSME, Government of India, signed a Memorandum of Understanding (MoU) on 21 February 2026 with the Ministry of Entrepreneurship, Micro and Small Enterprises of the Federative Republic of Brazil. The agreement aims to deepen MSME cooperation, promote sustainable growth, encourage innovation, and accelerate the green transition through enhanced policy exchange and strategic partnerships between the two nations..

The MoU will provide a platform for both sides to discuss the issues concerning Micro, Small and Medium Enterprises (MSMEs) and explore possible areas of cooperation for mutual benefit  of MSMEs in the two countries. It will provide a framework and enabling environment for the MSMEs of both countries to understand each other’s strengths, markets, technologies and policies.

The MoU also seeks to create enabling conditions for advancing the green transition, including facilitating MSMEs’ access to green finance, thereby enabling their integration into global markets and value chains, improving productivity, competitiveness and strengthening their capacity for sustainable development.

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