Brazil India

India and Brazil Signed MoU for Bioenergy Cooperation

India and Brazil are major consumers of energy in the world and Brazil is one of the most important trading partners of India in the entire LAC (Latin America and Caribbean) region. Brazil is currently the world's second largest producer and consumer of biofuels and biofuels and bioelectricity accounted for 18% of Brazil's energy mix. India also has a strong focus in the area of bio-fuels and has set a target to achieve 20% blending of ethanol in petrol and 5% blending of biodiesel in diesel by 2030 with the announcement of new policy on Biofuels in 2018.