Last Updated on June 4, 2026 11:17 pm by INDIAN AWAAZ
Photo by Bir Bahadur Yadav
Staff Reporter / New Delhi
Prime Minister Narendra Modi on Thursday held bilateral talks with Acting President Delcy Rodríguez in New Delhi, with both sides placing special emphasis on building a stronger long-term energy partnership while also expanding cooperation across trade, investment and strategic sectors.
According to the Prime Minister, discussions covered a broad agenda including energy, critical minerals, technology, agriculture, healthcare and people-to-people exchanges. He described Venezuela as an important partner for India in Latin America and said deeper cooperation would contribute to the interests of the Global South.
The operative outcome of the meeting was the renewed focus on energy cooperation. Briefing the media, Secretary (East) Rudrendra Tandon said both countries discussed forging a stronger energy partnership at a time when Venezuela’s energy sector is undergoing major changes. India views Venezuela as a natural energy partner, while Caracas sees India as a stable long-term consumer. Officials noted that Venezuela has emerged as one of India’s leading crude oil suppliers in recent months.
Beyond oil and energy, the talks explored widening economic engagement into mining and critical minerals, pharmaceuticals, automobiles, transport, agriculture equipment and animal husbandry. Officials also discussed assessing Venezuela’s resource potential and creating opportunities for Indian participation across the broader mining sector.
The two sides also exchanged views on regional and global developments and reaffirmed their commitment to strengthening bilateral ties. As part of the visit, the Venezuelan delegation is scheduled to visit Indian facilities linked to energy, pharmaceuticals and the automobile sector to explore future collaboration and gain exposure to India’s industrial capabilities. Indian public sector energy companies, which already have investments in Venezuela, are also expected to examine opportunities for further expansion.