NEW DELHI, February 21 — Tarciana Medeiros, President of Banco do Brasil, said Saturday that the bank is prepared to serve as a strategic bridge to expand bilateral trade between Brazil and India to $100 billion, emphasizing the need to deepen what she described as a “structuring partnership” between the two economies.
Speaking at the Brazil-India Business Forum in New Delhi, Medeiros highlighted the symbolic importance of the Indian capital, describing it as representing both the heritage of one of the world’s oldest civilizations and the dynamism of a rapidly growing economy with a strong global outlook.
According to Brasil 247, Medeiros acknowledged the presence of Jorge Viana, President of ApexBrasil, and extended greetings to several women leaders attending the forum, including Minister Luciana Santos. She also praised India’s efforts to promote inclusion and diversity.
Medeiros noted that Brazil and India share similar nation-building experiences and long-term strategic visions. She said India has successfully leveraged its ancient heritage as a foundation for innovation, economic growth, and global leadership, while both nations have navigated cultural diversity, social challenges, and forward-looking development strategies.
Highlighting multilateral cooperation, Medeiros pointed to the role of BRICS in strengthening ties among emerging economies, describing the grouping as a more inclusive and development-oriented model of global collaboration.
She also emphasized Banco do Brasil’s longstanding mission of promoting economic and social development since its founding more than two centuries ago. The bank currently manages a credit portfolio of approximately $250 billion and supports a wide range of sectors, including infrastructure, agribusiness, industry, and trade. It operates directly in 10 strategic countries and maintains correspondent banking relationships in more than 80 nations.
On trade prospects, Medeiros said bilateral commerce between Brazil and India is growing but still has significant potential for expansion and diversification. She identified key sectors for cooperation, including agribusiness, energy, mining—particularly critical minerals—pharmaceuticals, technology, and advanced manufacturing.
Medeiros added that Banco do Brasil aims to facilitate stronger connections between Brazilian and Indian businesses through foreign exchange services, treasury solutions, and financial structuring, while ensuring compliance with regulatory frameworks.
She also highlighted India’s global leadership in digital ecosystems, payments, and financial inclusion, pointing to opportunities for collaboration in fintech, banking innovation, and trade digitalization.
Emphasizing sustainability, Medeiros said green finance, renewable energy, bioeconomy initiatives, and energy transition efforts could further strengthen bilateral ties and position both countries as responsible leaders in the global economy.
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