DELHI, 01.04.25-In a significant move to bolster India’s critical mineral capabilities, TEXMiN Foundation, the Technology Innovation Hub of IIT (ISM) Dhanbad, has entered into a MoU with the India Brazil Chamber of Commerce (IBCC). The formal signing ceremony took place at the Brazilian Embassy in New Delhi, graced by the presence of the Brazilian Ambassador and other high-level delegates.

Guilherme Mota, Head of Business Development at IBCC, remarked, “By combining Brazil’s rich mineral resources with India’s technological expertise, we are setting the stage for groundbreaking projects that will benefit both nations and contribute to global supply chains. This collaboration is a testament to our commitment to fostering innovation, ensuring sustainable mining practices, and strengthening economic ties between India and Brazil. We look forward to co-developing solutions that will make mining more efficient, environmentally friendly, and aligned with global sustainability goals.” TEXMiN aims to explore technology projects with “Match Funding” mechanisms, in line with the Department of Science and Technology’s mandates, to foster innovation and sustainable practices in mineral exploration and mining.