In a move to improve the bilateral relations, the two countries agreed on 15 memorandums, including the "Investment Cooperation and Facilitation Treaty b/w the Republic of India and the Federative Republic of Brazil," according to the Indian ministry.
Additionally, South American and South Asian countries will work in the bioenergy industry.
"MoU [memorandum of understanding] between Indian Oil Corporation Ltd. Of the Republic of India and Centro Nacional de Pesquisa em Energia e Materiais (CNPEM) on Cooperation for establishing a nodal institution in India to carry out research on Bioenergy," one of the memorandums, published on the foreign ministry’s website, read.
Brazil and India are also looking forward to cooperating in the fields of health and medicine as well as to stimulate the cultural exchange in the next four years.
Calorosas boas-vindas ao presidente @jairbolsonaro!— Narendra Modi (@narendramodi) January 24, 2020
A Índia está feliz em recêbo-lo e nós esperamos ansiosamente por sua participação nas celebrações do Dia da República.
Sua visita reforçará as relações Brasil-Índia. pic.twitter.com/nxrtJuWfQA
Relations between the two nations remained unfriendly throughout the decades, even though both countries were members of such associations as BRICS, IBSA, G20 and in international organisations such as the United Nations.